Red Hill Energy Receives Government Environmental Approval for 208.8 Million Tonne Coal Project
Red Hill Energy (TSX VENTURE:RH) announced today that a Detailed Environmental Impact Assessment (DEIA) and Environmental Protection Plan (EPP) for its Ulaan Ovoo coal project have been approved by the Mongolian Ministry of Nature and the Environment. Under Mongolia\'s 2006 Minerals Law and 1995 Environmental Protection Law, approval of the DEIA is required before the project can be developed. The Ulaan Ovoo Project is now fully compliant with all necessary environmental legislation.
The Ulaan Ovoo Coal Project has already been granted a fully transferable mining licence from the Mongolian government. The mining license is valid for 30 years and is extendible for an additional 40 years. Upon receipt of the project\'s forthcoming prefeasibility study (see June 16, 2008 press release) the Company will be well positioned for rapid advancement.
- Published: 02 September 2008
- Written by Editor