Business
Approval - Environmental Impact Assessment
Approval - Environmental Impact Assessment.
About this update from Capital Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2462T\n Capital Metals PLC\n 23 November 2021\n \n \n \n \n 23 November 2021 \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n Capital Metals plc\n \n \n (\"CMET\" or the \"Company\")\n \n \n Approval - Environmental Impact Assessment\n \n \n \n \n \n Capital Metals plc (AIM:CMET), a natural resources company focused on the development of the Eastern Minerals Project located in the Eastern Province in Sri Lanka (\"the Project\"), one of the highest-grade mineral sands projects globally, is pleased to announce the approval of its Environmental Impact Assessment (\"EIA\").\n \n \n The Coast Conservation and Coastal Resources Management Department in Sri Lanka (\"CCD\") has advised the EIA process is complete and issued a development activity permit to one of CMET's subsidiary companies in Sri Lanka, Damsila Export (Pvt) Limited which covers the northern half of the Project (\"the Permit\"). The completion of the EIA is required by the Geographical Survey and Mines Bureau of Sri Lanka (\"GSMB\") in order to issue the Industrial Mining License (\"First IML\") for the Project.\n The Permit is the standard form development permit issued by the CCD and will be reviewed annually by the CCD to ensure ongoing compliance with the Project's environmental obligations. \n \n \n Capital Metals is committed to applying best practice in its mining operations, including continuous post mining rehabilitation. The proposed method of cell mining aims to ensure a minimal active footprint and prompt rehabilitation of the mined areas. Planned operations will have appropriate buffer and exclusion zones identified as a result of the EIA study, which went through a stringent public and governmental review process.\n \n \n \n The Company is already working with the local communities to improve the quality of their lives through various programs and believes it is crucial to ensure employees and the people of the Eastern Province participate in the lon...