Savannah Resources PLC (LON:SAV) said the Environmental Impact Assessment (EIA) of the Mina do Barroso Lithium Project in Portugal is now ready for public consultation.
Last week, the Portuguese Environment Agency or Agência Portuguesa do Ambiente (APA) declared Mina do Barroso’s EIA to be in conformity with its requirements for the content of the EIA.
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The period of consultation will extend over a period of 40 days and close on Wednesday, 2 June 2021, the miner said.
Results from the public consultation and the Evaluation Committee’s review will then form the basis for the Committee’s “Final Technical Statement” which will allow APA to potentially award the project its Environmental Impact Declaration, which is expected for August if there are no delays.
Subject to the results of the EIA, construction is targeted to commence in 2022 with commercial production in 2023.
The public consultation phase of APA’s review process is designed to introduce the EIA to stakeholders and to collect opinions, suggestions and other contributions from those interested in Mina do Barroso.
During the public consultation phase, stakeholders will be able to review and comment on Savannah’s plans for Mina do Barroso and how the impacts during the different phases of the Project, which are construction, operation, environmental rehabilitation and closure, will be managed.
“The EIA documents provide a facts-based analysis to aid stakeholders’ evaluation of the Project. The EIA outlines how we care for the environment and the local communities,” said chief executive David Archer in a release.
“We are keenly aware of the environmental and social impacts of our activities, from design right through to rehabilitation and mine closure. Protecting the environment and the safety and wellbeing of those communities is our prime concern and an essential part of our care for future generations. This is highlighted by 238 individual minimisation measures contained in the EIA which are designed to eliminate, mitigate, or minimise impacts and by a Benefit Sharing Plan and a Good Neighbour Plan, both of which endeavour to support and benefit local communities through the sponsorship of meaningful and relevant local community projects.”
“The EIA is a synthesis of almost three years of work and outlines a development approach for the Project that is sustainable, responsible and innovative. Mina do Barroso will be an example of the application of ”Green and Smart” management and control practices to mineral production. The Project has been designed to have a low C02 footprint with the use of locally abundant renewable power such as wind and hydro and in the medium term we are targeting NetZero C02 emissions.”
Shares rose 2% to 4.07p on Thursday at close.