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Wed Feb 10, 2010
Greystar Resources Files EIA; Begins Colombian Permitting Process
Greystar Resources Ltd. (the "Company") is pleased to announce that on Dec 22, 2009, the Company filed an Environmental Impact Assessment (EIA) with the Ministry of the Environment, Housing and Territorial Development (MAVDT) to initiate the environmental permitting process for the development of an open pit gold and silver mine at the Angostura project in Colombia. Subsequently on Jan 13, 2010, the EIA (1,814 pages) was accepted for review by the MAVDT. The EIA, which is based on the GRD MinProc Preliminary Feasibility Study (March, 2009), covers all environmental and social aspects of the proposed mine development including baseline data and end of mine life mitigation plans.
The environmental permitting process for Angostura involves a review process to which the MAVDT names a review team, and requests input from the regional environment authority. The permitting process should take approximately six months, however it is customary that the environmental authorities require additional data and changes to the EIA prior to issuing an environmental license. Therefore, the permitting process may take nine to twelve months.
Greystar has also submitted an application for a Work and Investment Plan (PTO) based on the GRD MinProc Preliminary Feasibility Study. The PTO was submitted to the Ingeominas, a division in the Ministry of Mines and Energy, on Oct 23, 2009. The PTO is the operating plan for Angostura which must be approved by Ingeominas in a parallel process to the environmental permitting. Both the EIA and the PTO must be approved for the issuance of a mining license.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals expwww.greystarresources.com/s/...ns-Colombian-Permitting-Process
Wed Feb 10, 2010
Greystar Resources Files EIA; Begins Colombian Permitting Process
Greystar Resources Ltd. (the "Company") is pleased to announce that on Dec 22, 2009, the Company filed an Environmental Impact Assessment (EIA) with the Ministry of the Environment, Housing and Territorial Development (MAVDT) to initiate the environmental permitting process for the development of an open pit gold and silver mine at the Angostura project in Colombia. Subsequently on Jan 13, 2010, the EIA (1,814 pages) was accepted for review by the MAVDT. The EIA, which is based on the GRD MinProc Preliminary Feasibility Study (March, 2009), covers all environmental and social aspects of the proposed mine development including baseline data and end of mine life mitigation plans.
The environmental permitting process for Angostura involves a review process to which the MAVDT names a review team, and requests input from the regional environment authority. The permitting process should take approximately six months, however it is customary that the environmental authorities require additional data and changes to the EIA prior to issuing an environmental license. Therefore, the permitting process may take nine to twelve months.
Greystar has also submitted an application for a Work and Investment Plan (PTO) based on the GRD MinProc Preliminary Feasibility Study. The PTO was submitted to the Ingeominas, a division in the Ministry of Mines and Energy, on Oct 23, 2009. The PTO is the operating plan for Angostura which must be approved by Ingeominas in a parallel process to the environmental permitting. Both the EIA and the PTO must be approved for the issuance of a mining license.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals expwww.greystarresources.com/s/...ns-Colombian-Permitting-Process
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