TNG Limited is pleased to announce that it has appointed leading global engineering and environmental consulting group GHD to complete the Environmental Impact Study for its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory as it progresses towards project development this year.
Field studies will commence immediately to capture data from the current wet season activity, and the completed EIS is expected to be submitted to the Northern Territory Environment Protection Authority during Q1 2014.
The EIS will evaluate the environmental impacts of mining and processing the magnetite deposit at Mount Peake including:
Preparation and submission of a Notice of Intent (NOI) to the Northern Territory Department of Mines and Energy – this is expected to be submitted before the end of Q1 2013;
Referral to the Commonwealth for assessment under the Environment Protection and Biodiversity Conservation 1999 Act;
Development and implementation of a surface water and groundwater monitoring programme and assessment;
Flora and fauna surveys and assessment;
Heritage surveys and assessment;
Social impact assessment;
Air quality assessment;
Noise and vibration assessment;
Transport assessment;
Greenhouse gas emission assessment;
Waste management;
Regulator liaison;
Public consultation;
Economic assessment;
Mine closure and rehabilitation; and
Preparation and submission of the EIS.
GHD is one of the world’s leading engineering and environmental consulting companies, with local offices in Perth, Darwin and Beijing. The group has an extensive working knowledge of the Northern Territory environment, and a thorough understanding of the regulatory authority requirements and standards, making them ideally suited to undertake the Mount Peake EIS for TNG. In conjunction with GHD, the study will be overseen by TNG’s recently appointed Project Director, Tony Hadley, as part of the overall feasibility and development of the Project.
TNG’s Managing Director, Paul Burton, said that the commencement of the EIS at Mount Peake is a significant milestone for the development of the project, and demonstrates the Company’s commitment to progressing the Project towards production to deliver shareholder value. “The commissioning of an Environmental Impact Study is a key milestone that will continue to de-risk the Mount Peake Project development and move our flagship asset towards production,” he said.