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Trading Statement - Labrador Environmental Sta...
Trading Statement - Labrador Environmental Sta....
About this update from Anglesey Mining Plc
[{"type":"text","content":"\n Anglesey Mining plc LSE:AYM\n\n6 November 2009\n\nLabrador Iron Mines Environmental Impact Statement Accepted for Schefferville\nArea Iron Ore Project\n\nAnglesey Mining plc is pleased to report that its 50% owned associate company\nLabrador Iron Mines Holdings Limited (TSX: LIM) has advised that the\nNewfoundland Minister of Environment and Conservation today announced that\nreview of the Environmental Impact Statement (\"EIS\") for LIM's proposed\nSchefferville Area Iron Ore Project in Western Labrador has been completed.\n\nThe Minister has confirmed that the EIS complies with the Environmental\nProtection Act and requires no further work under the Provincial environmental\nassessment process. The Minister has advised LIM that she will be making a\nrecommendation for consideration by the Government of Newfoundland and Labrador\non release of the Project from further environmental assessment.\n\nThe EIS relates to Phase One of LIM's proposed Schefferville Area Iron Ore\nProject in Western Labrador and covers the development of the James and Redmond\ndeposits, which are the first of eight separate deposits that LIM plans to\ndevelop in the coming years.\n\n\"Acceptance of our EIS is a major step forward in LIM's Schefferville Area Iron\nOre Project\", said John F. Kearney, Chairman, at the annual Mineral Resources\nreview 2009 and Provincial Mining Week in St. John's, Newfoundland, Canada. \"We\nare pleased that our efforts in planning the proper development of the Project,\nrecognizing the requirements of sound environmental management, social\nresponsibility, the support and aspirations of the Labrador Innu and the\npolicies of the Province of Newfoundland and Labrador, have been acknowledged\nand accepted by this review and recommendation\".\n\nUpon Government approval and Project release LIM will progress the applications\nfor the permits and licenses required for the construction of the necessary\ninfrastructure for commencement of production planned for 2010. It is expected\nthat these permits and licenses will be issued during the next few months.\n\nLIM intends to commence construction of infrastructure immediately upon project\nrelease, including re-laying a 4 km rail spur line from the mine site to main\nrailroad and the construction of the major items of process plant and equipment\nahead of assembly on site in th...