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Atico Mining Announces Another Major Milestone with Signing of Presidential Decree for La Plata Project, Ecuador
VANCOUVER, British Columbia, June 06, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to annou
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, June 06, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce that on May 31, 2023, Ecuador's President, Guillermo Lasso Mendoza, signed an environmental consultation decree (the “Decree”) starting an important and last environmental permitting milestone for the construction of the La Plata project in Ecuador. The decree introduces a new process of citizen participation in the environmental studies completed on La Plata project while at the same time becoming a requirement for all large projects like roads, infrastructures, hospitals, hydro-electrical power as well as mining projects. This process brings additional transparency, project optimization and also serves as a platform for an open and informed dialogue between the local communities and the Ministry of the Environment, Water and Ecological Transition (MAATE), representing the Government of Ecuador. With this new regulation in place, the citizen participation process for the La Plata mining project is now well defined and should be completed before year-end as the La Plata project is considered a strategic project by the Government. Mr. Alain Bureau, President of Atico Mining, expressed his great satisfaction, stating, \"We have dedicated considerable time and effort to foster a relationship of trust with the people living in the region, which has resulted in their full support. Additionally, we have developed a clear, technical, and objective EIA that thoroughly addresses major impacts and presented their mitigation strategies. It outlines the actions we will take to ensure the La Plata project adheres to the highest international standards.\" Environmental Impact Assessment Approval Early last year, the MAATE approved the La Plata Environmental Impact Assessment (“EIA”) (see press release dated May 20th, 2022) and will now begin the socialization of all results of this study. The EIA baseline process began more than 3 years ago and involved independent environmental and social experts as well as qualified professionals mostly from Ecuador, Canada, Peru as well as from our El Roble mine operation which has been recognized as one of the safest mines in Colombia. The La Plata project plan consists of a 900 tpd underground mining operation with state-of-the-art infrastruc...