The Arbitrary Court of Moscow has declared ineffective the decree of the Federal Agency on Subsoil Use on the revocation of license to prospect and mine gold ore at the Zegengolskoye deposit in the Republic of Buryatia issued to the Mining Company Olimp LLC.
The 9th Arbitrary Court of Appeals declared the decree ineffective in June 2019, but the Agency found new reasons to revoke the license.
The license was revoked in 2018 because of violation of the subsoil use.
At the same time, according to the company, the violations resulted from a inner corporate conflict and could not lead to the revocation of the license. (Ukrainian metal)