eis submission

Environmental Impact Assessment submission
A comprehensive environmental impact study for the proposed
development of the Siana Gold project was lodged 17 October
and has since been formally accepted for review by the
Philippines Environmental Management Bureau (EMB).
The study, completed by pre-eminent Philippine environmental specialists
BMP Environment and Community Care Inc, includes detailed assessment
of the natural and socio-economic environment in the project area,
identifies and ranks potential impacts, and presents key elements of the
environmental management plan.
The nine month study has been meticulously prepared to Philippine and
Equator Principles standards and will be provided to the Company’s lead
arranger bank, and other members of the banking syndicate, shortly.
Since project inception in 2002 the joint venture partners have maintained
a close relationship and communication with the host communities, who
remain supportive and enthusiastic about the proposed development and
the economic benefits that would flow to the region.
In terms of the natural environment there are no major risks identified and
the planning for progressive rehabilitation and eventual closure will ensure
that this former mine-site can be fully utilised to benefit future generations
from the local communities.
A public forum will be scheduled by the EMB for late November following
statutory public advertising, review of the EIA documentation and any
requested additional information. Following the forum the EMB will
consider any public input, prior to final project assessment.
On successful conclusion of this process the EMB may
recommend grant of an Environmental Compliance Certificate
by the Department of Environment and Natural Resources.
Greg Edwards
Managing Director