Euro Manganese announced a key positive environmental ruling for its Czech Republic-based Chvaletice manganese project.
Euro Manganese (TSXV:EMN,ASX:EMN) announced a key positive environmental ruling for its Czech Republic-based Chvaletice manganese project.
As quoted in the press release:
The Company received a ruling under the European Union’s Natura 2000 system of reserves and protected areas that determined the Project is not expected to cause adverse impacts on valuable and threatened species habitat.
The determination was issued by the Pardubice Region Authority, which is responsible for the management of the Project’s Environmental Impact Assessment and the administration of numerous Czech and European environmental laws, regulation and standards that govern the Project’s permitting and implementation, including those that relate to Natura 2000 and Czech lawsthat govern the protection of endangered species and habitats. The Company’s application for a ruling was made under the provisions of the Czech Republic’s Nature and Landscape Protection Act.
This ruling follows the approval of investment incentives for the Project by the Czech Republic’s Ministry of Industry and Trade, in the form of tax credits amounting to CZK 470.3 million (approx. CAD$27 million) (see announcement dated March 30, 2020).