Business
Award of Environmental Compli
Award of Environmental Compli.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n RNS Number : 5427I Metals Exploration PLC 15 March 2010 \n \n\nMETALS EXPLORATION PLC\nRUNRUNO GOLD - MOLYBDENUM PROJECT\nAWARD OF Environmental Compliance Certificate\nMetals Exploration Plc (\"Metals Ex\" or the \"Company\"), the Pacific Rim natural resources exploration and development company, is pleased to announce the award of the Environmental Compliance Certificate (\"ECC\") for the Runruno Gold-Molybdenum Project on the island of Luzon in the northern Philippines. \nOverview:\n§ ECC signed by Acting Secretary of the Department of Environment and Natural Resources (\"DENR\") under Presidential Decree No. 1586 (known as the \"Philippine Environmental Impact Statement System\")\n§ The ECC was issued after satisfactory evaluation of the project's Environmental Impact Statement (\"EIS\") by the Environmental Management Bureau (\"EMB\")\n§ The ECC and EIS process has been conducted with the full participation and involvement of the local community and all relevant stakeholders\n§ Under the ECC the Company is committed to implement measures presented in the EIS to protect and mitigate against any adverse impacts on the health and welfare of community and the environment\n§ Securing the ECC is a significant milestone following the award of the Financial or Technical Assistance Agreement in October 2009, demonstrating continued support from the Philippine Government for the development of the Runruno project\n \n \n \nEnvironmental Compliance Certificate \n \nThe ECC is a document issued by the DENR and the EMB after a positive review of an ECC application, certifying that the proposed project will not cause significant negative environmental impact. The ECC also certifies that the project has complied with all the requirements of the Environmental Impact Statement System and that the Company has committed to implement its approved Environmental Management Plan.\n \nThe EIS System is concerned primarily with assessing the direct and indirect impacts of a project on the biophysical and human environment and ensuring that these impacts are addressed by appropriate environmental protection and enhancement measures.\n \nThe Company has been responsible for managing the environmental approvals and permitting process for the project throughout. \n \nUnder the \"Implementing Rules...