Rio2 seeks review of Fenix EIA rejection
TSX-V-listed Rio2 will seek a review of the dismissal of its environmental impact assessment (EIA) for the Fenix gold project, in Chile, arguing that the rejection is not consistent with the environmental assessment process that took place over the past two years.
The company states that it has identified numerous discrepancies with factual and procedural matters in the document outlining the reasons for the EIA rejection.
The Atacama Regional Evaluation Commission in July decided not to approve the EIA for the project, reportedly requiring additional information to discard potential risks to the Chinchilla, Lama guanaco and Vicugna.
Rio2 says the administrative appeal process will take about a year.
In parallel with the administrative appeal process, Rio2 will work with regional authorities to conduct additional observations of fauna in the project area and to agree on new voluntary commitments, if required, to address any remaining concerns that the authorities may require to guarantee the sustainable execution of the project. This additional work will not only provide a positive contribution during the administrative appeal process but can also be used for a resubmission of a new EIA, should Fenix Gold’s appeal not be successful.
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