The native group opposing the Prosperity Mine in northern British Columbia has little faith in the just-launched federal environmental review of the project, CTV News reports.
The federal government disassociated itself on Thursday from an embarrassing official policy paper that said the country’s independent energy regulator, now studying a controversial oil pipeline, is in fact a government ally.
Mining notices of work applications, one of the pieces of paper a miner must have before a project can proceed, have been reduced from 229 to 85, said BC Premier Christy Clark at Round Up 2012 on Wednesday.
Vancouver-based mining company Fortuna Silver says it has nothing to do with the shooting death of a protester in a town near the company’s mine site in Mexico.
The federal government is working to speed into place changes this year to expedite the regulatory review of new industrial projects. Ottawa plans to unveil new plans in “months, not years,” Natural Resources Minister Joe Oliver said in Calgary on Wednesday.
Detour Gold added $1.80 to $28.40 or 6.7% on Wednesday after announcing bought deal financing led by BMO Capital Markets and CIBC worth $241 million. The latest round is enough to complete its $1.45 billion Ontario project for which it also announced improved reserves estimates.