Steppe Gold (TSX:STGO) was featured in an article by the Mongolian Mining Journal about the company’s responsible mining initiatives at its Altan Tsaagan Ovoo (ATO) project in Mongolia.
Steppe Gold (TSX:STGO) was featured in an article by the Mongolian Mining Journal about the company’s responsible mining initiatives at its Altan Tsaagan Ovoo (ATO) project in Mongolia. The 5,393-hectare ATO project is located in the province of Dornod and is located 152 kilometers away from the town of Choibalsan. In May 2019, Steppe Gold invited the Mongolian media to ATO for a mine site visit and tour as a way to help keep the public informed of its operations as the company pushes the project towards production.
The article outlined the stages that mining companies, such as Steppe Gold, must go through before they can go into production. Mining companies must get approval for their pre-feasibility study, mine plan and environmental impact assessment (EIA) and then keep to the standards set in these plans and assessments upon implementation. According to the article, Steppe Gold spent over MNT$90 million on environmental and reclamation studies that were focused on reducing negative impacts within a 10-kilometer radius of the mine.
Steppe Gold has also ensured that it is keeping local communities informed of its progress as well as supporting local businesses and farmers. The article states that the company has hired six companies for contracting services and sources its food from local farmers as well. Additionally, Steppe Gold has presented its approved environment management plan to the citizens of Mongolia, ensuring that there is transparency at both the government level and community level.
As the site visit wound to a close, the reporters were taken to the processing plant site. It was noted that construction is progressing quickly and that if all remains on schedule, Steppe Gold will be in production by Q3 2019.
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