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Rio2 Provides Fenix Gold EIA Plan Update

Retrieved on: 
Wednesday, September 7, 2022

Based on the findings of the RCA review, Rio2s local subsidiary Fenix Gold Limitada (Fenix Gold) decided to exercise its right to file an administrative appeal before the Ministries Committee and filed the appeal on August 31, 2022.

Key Points: 
  • Based on the findings of the RCA review, Rio2s local subsidiary Fenix Gold Limitada (Fenix Gold) decided to exercise its right to file an administrative appeal before the Ministries Committee and filed the appeal on August 31, 2022.
  • The basis of the administrative appeal was based on the following key findings:
    The Fenix Gold Project was presented for environmental assessment through an EIA, which is the most stringent instrument contemplated by Chilean Environmental Law.
  • Based on feedback from its external legal counsel and advisors, the estimated timing for obtaining EIA approval for the Fenix Gold project is approximately one and half to two years.
  • Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy.