Fortune has already received its Environmental Assessment (" EA") approvals for both the NWT and Saskatchewan sites and is working to secure Project Financing. The Company is also advancing the rezoning of lands it owns near Langham, Saskatchewan to enable construction of the hydrometallurgical refinery. The 100% owned NICO Project is a development stage primary cobalt asset consisting of a planned mine, mill and concentrator in the Northwest Territories (" NWT") and hydrometallurgical refinery in Saskatchewan to process concentrates from the mine to cobalt sulphate, gold, bismuth and copper. Environmental work to support the water license issued by the Wek'èezhìi Land and Water Board (" WLWB") is being carried out for the NWT site. LONDON, ON, J/CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (" Fortune" or the " Company") ( is pleased to provide an update on the progress of environmental work and rezoning efforts needed to support construction of the NICO Cobalt-Gold-Bismuth-Copper Project in Canada (" NICO Project"). The full report will be released soon.Canadian primary cobalt asset positioned for near-term development The company said CEPA produced a preliminary report last week saying the quality of the sea water is within the baseline concentration and acceptable. ![]() We have SOP (standard operating procedures) to collect samples, store them and conduct investigation and we question whether those procedures were followed.” “We were not even notified of their investigation so we can assist. “Ramu NiCo management is asking CEPA and the government authorities to confirm if the foreign Swiss scientist was authorised to collect samples and produce a damaging report as such towards a genuine foreign investor, Ramu Nickel/Cobalt which is important to the Madang economy and the country. “Only after CEPA, through the Environment Minister presents its findings, can anyone include the MPG come out to challenge its findings and not the Madang provincial government coming out prematurely like this,” the miner said. Madang provincial government engaged the scientist and the report were presented in Port Moresby on Wed Oct 9.īut miner MCC said the release of the “so called independent report” for Madang provincial government is ill timed and in direct defiance of an official government sanctioned report through CEPA whose findings are yet to be presented. Swiss scientists Dr Alex Mojon carried out an independent investigation on the sea waters around the Madang areas before and after the Basamuk refinery on Aug 24 slurry spill and reported that the sea water and general environments were impacted by the RamuNiCo Basamuk operation. Of course it is only independent for them but not for official purpose and we out rightly ignore the findings,” Ramu NiCo management said. “We doubt whether the scientific report and Madang provincial Governments’ engagement are independent in nature. “We will only accept the officially sanctioned independent investigation report from CEPA, which we believe is ready and the minister concerned will release soon. ![]() Ramu NiCo management said Swiss based scientist Dr Alex Mojon engaged by the Madang provincial government was not authorised by the Conservation Environment and Protection Authority (CEPA), the regulator responsible to conduct such independent investigation into the Basamuk slurry spill (August 24) incident. The company said the Switzerland based consultant is not an authorised body. ![]() The billion kina Ramu NNickle project in Madang Province has brushed aside scientific findings into its Basamuk Refinery operation waste disposal method and its alleged environmental impact.
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