Genmin receives approval for Baniaka iron ore project

The Ministerial approval of the SEIA is provided through a certificate of environmental conformance and, subject to receipt of the mining permit (MP), enables Genmin to develop and operate the Baniaka project.

Highlights:

• Social and environmental impact assessment for Baniaka approved, a pivotal milestone in the permitting, financing, and development timeline.
• Receipt of certificate of environmental conformance is the final prerequisite to, and enables, the issue of a mining permit for Baniaka.
• Genmin has applied for a large-scale mining permit for an initial term of 20 years at Baniaka.
• Production of greener iron ore from Baniaka remains targeted for the second half of 2024.

Joe Ariti, Managing Director and Chief Executive Officer, comments:

“We are delighted to receive Ministerial approval of the SEIA and the issue of the certificate of environmental conformance; a critical milestone to Genmin’s target of achieving production at Baniaka in the second half of 2024. The certificate of environmental conformance is the final prerequisite for the issue of the large-scale mining permit for Baniaka, which we expect to be granted during the coming month.

“I would like to thank the Ministry of Environment in Gabon for its support and guidance in the SEIA process, our partners at WSP-Golder, a global sustainability consultant, and local social and environmental consultant, TEREA. Without their respective efforts and expertise in navigating the SEIA process, this timely outcome would not have been possible.”

Read the article online at: https://www.globalminingreview.com/mining/17082023/genmin-receives-approval-for-baniaka-iron-ore-project/