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STREAMPLAY STUDIO LIMITED Environmental & Social Information 2005
65841_rns_2005-07-17_966d3fe2-a24b-4a7f-af35-3eb87c7393d4.pdf
Environmental & Social Information
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Suite 34, 18 Stirling Highway, Nedlands WA 6009 PO Box 352, Nedlands WA 6909, Australia ABN 31 004 766 376 Tel: (08) 9389 8611 Fax: (08) 9389 8612 E-mail: [email protected] www.gippslanditd.com
ASX-LSE Announcement
18 July 2005
Media Release
ENVIRONMENTAL IMPACT ASSESSMENT
Abu Dabbab Environmental Impact Assessment Completed to World Bank and Egyptian Guidelines
Gippsland Limited is pleased to announce the submittal of the Environmental Impact Assessment ("EIA") for the Company's 40Mt Egyptian Abu Dabbab tantalum project. The EIA was undertaken by the Egyptian environment Group Environics in association with the German company Dorsch Consult. The international environmental engineering group Knight Piésold also contributed to the FIA.
The structure and content of the EIA, undertaken over a period of some 16 months, was completed in accordance with Eqyptian Environment laws and involved various stakeholder meetings, as well as a pubic consultation meeting held in the ancient Red Sea port city of Quseir. The final EIA report took into account comments and recommendations provided in these meetings by various Egyptian authorities, NGOs, academics and other local, regional and national stakeholders associated with the Abu Dabbab project.
Additionally, the EIA was prepared to comply with the World Bank Group quidelines which complimented those provided by Eqyptian legislation.
The EIA process was conducted in parallel and interactively with project design. As a result, potential negative environmental effects have been mitigated, through appropriate design and environmental management, to acceptable levels by international standards. Commitments to enhance the numerous social benefits of the project have been outlined in the EIA, as well as to further the stakeholder engagement process throughout project development.
The EIA document was presented to the Egyptian Environmental Affairs Agency ("EEAA") on 14 July 2005. As allowed by Egyptian legislation, the EEAA is provided with a 60-day period to review the EIA and to respond with questions and comments relating to the document. Discussions with various Egyptian authorities indicate a high level of support and acceptance of the EIA the completion of which is a major milestone for the project.
The EEAA's approval process will take place in parallel with other tasks associated with project finance and the overall implementation of the project all of which will intensity during the coming months.
For further information please contact:
Jack Telford Executive Chairman Gippsland Limited www.gippslandltd.com Tel: +61 (0)8 93898611 [email protected] Leesa Peters Laurence Read Conduit PR Tel: +44 (0)20 7618 8708 [email protected] [email protected]
Bill Sharp Les Polden Hoodless Brennan & Partners Plc Tel: +44 (0)20 7610 8565 [email protected] [email protected]