Business
Euro Manganese Receives Significant Environmental Ruling
Chvaletice Manganese project receives positive ruling under European Union’s Natura 2000 Environmental ruling follows approval of investment incentives from Cze
About this update from Euro Manganese, Inc.
[{"type":"text","content":" Chvaletice Manganese project receives positive ruling under European Union’s Natura 2000 Environmental ruling follows approval of investment incentives from Czech Government VANCOUVER, British Columbia, March 31, 2020 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the \"Company\") is pleased to announce that its proposed Chvaletice Manganese Project in the Czech Republic (the “Project”) has received a key positive environmental ruling. The Company received a ruling under the European Union’s Natura 2000 system of reserves and protected areas that determined the Project is not expected to cause adverse impacts on valuable and threatened species habitat. The determination was issued by the Pardubice Region Authority, which is responsible for the management of the Project’s Environmental Impact Assessment and the administration of numerous Czech and European environmental laws, regulation and standards that govern the Project’s permitting and implementation, including those that relate to Natura 2000 and Czech laws that govern the protection of endangered species and habitats. The Company’s application for a ruling was made under the provisions of the Czech Republic’s Nature and Landscape Protection Act. This ruling follows the approval of investment incentives for the Project by the Czech Republic’s Ministry of Industry and Trade, in the form of tax credits amounting to CZK 470.3 million (approx. CAD$27 million) (see announcement dated March 30, 2020). Jan Votava, Managing Director of Mangan Chvaletice s.r.o., the Company’s Czech subsidiary said: “The Chvaletice Manganese Project is ideally situated for the development of this strategic waste recycling initiative. The determination under Natura 2000 makes this clear. We are meticulously designing this project to adhere to the highest international environmental and social standards, so that the Czech Republic, local communities and our customers can be assured of best-in-class environmental planning and performance behind our high-purity manganese products.” About Natura 2000: Natura 2000 is a network of protected areas established by all EU Member States under uniform principles. Natura 2000 is an ecological network of core breeding and resting sites for rare and threatened species, and some rare natural habitat types which are protected in their o...