https://www.miningweekly.com

Alcara withdraws EIA application for Chile project

25th March 2022

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Toronto-listed Aclara's stock plunged on Thursday, as the company announced that it had withdrawn the environmental impact assessment (EIA) of its Chile rare earths project to allow for time to address “unresolved matters”.

The company explained that it had not been able to satisfy two technical aspects, which relate to the protection of local flora and fauna within the mandated regulatory timetable relating to the EIA process.

“We believe that the withdrawal of the EIA application, at this time, is in the best interests of moving the project forward. The company is well-funded and can continue with the permitting process while it advances its exploration program and the feasibility study,” said CEO Ramon Barua.

Shares in Aclara fell 42% to C$0.81 a share, giving the company a market capitalisation of C$31-million.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

North Ridge Pumps
North Ridge Pumps

North Ridge Pumps is an independent manufacturer of pumps. We have a proven track record for product support and customer service throughout the...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.362s - 111pq - 2rq
Subscribe Now