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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Minera IRL Moves Closer To Environmental And Social Approval For Ollachea 0 comments
    May 22, 2013 10:48 AM

    Minera IRL (LON:MIRL, TSE: IRL) expects to receive final social and environmental approval for its Ollachea mine in Peru in the second half of 2013.

    It comes after the firm completed the final community workshop as part of getting the Ollachea Environmental and Social Impact Assessment (ESIA) and after a 30-year development and operations deal was inked signed with the Ollachea community last year.

    The final public audience was held on May 14 and included strong participation from the community, with around 600 people attending.

    Minera executive chairman Courtney Chamberlain said: "Once again, we have received outstanding support from the Ollachea community with unanimous endorsement of the ESIA at the final workshop."

    Also, the firm said it was progressing project financing negotiations with a view to starting project development in late 2013 - in line with its target of starting to produce gold in 2015.

    The Ollachea ESIA has included over three years of technical studies, including a definitive feasibility study, social baseline studies, comprehensive water management plan and numerous public consultations.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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