Aber Resources Ltd - News Release
Aber's Diavik project now in regulatory phase
FWIW, Good news for another development.
Aber Resources Ltd ABZ
Shares issued 53,855,383 Nov 3 close $7.95
Wed 3 Nov 99 News Release
The Minister of the Environment reports
Minister of the Environment, David Anderson, has concluded that with the
implementation of all of the mitigation measures identified in the
comprehensive study report, the proposed Diavik diamond project is not
likely to cause significant adverse environmental effects. The Minister
also concluded that public concerns do not warrant further environmental
assessment of this project by a review panel.
The next step in this process is a regulatory phase whereby the appropriate
licences, permits and agreements are provided so that the development of
the project is done in an environmentally sound manner, based on the
Minister of the Environment's determination and the recommendations and
conclusions in the comprehensive study report. These requirements will be
met through the terms and conditions of the project's water licence, land
lease, Fisheries Act authorization, explosives licence, Navigable Waters
Protection Act permit and the environmental and socio-economic agreements.
The Diavik project is a proposal by Rio Tinto and Aber Diamond Mines Ltd.
to mine four diamond deposits in the Lac de Gras region about 300
kilometres northeast of Yellowknife, NWT. The projected mine life is
expected to be 16 to 22 years. The operating phase is expected to employ
about 400 people.
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