Post Courier | October 24, 2019
PanAust has successfully met with regulatory agencies in PNG regarding the independent peer review of the Sepik development project’s environmental impact statement (EIS) and dam integrity.
Before that, it has also established the Sepik development project website (www.friedariver.com) as a platform to share project information with all stakeholders. The website hosts fly through videos, factsheets and other project-specific information.
The Sepik development project’s environment impact statement was made publicly available on the project website ahead of the Conservation and Environment Protection Authority (CEPA) statutory awareness campaign, which has started in this month.
According to PanAust executive chairman Dr Qun Yang the company remains committed to working with the government to fulfill its statutory requirements and obtain the necessary permits to progress the project. He said CEPA confirmed independent consultants Hydrobiology will complete the independent peer review of the EIS. Snowy Mountains Engineering Corporation (SMEC) will undertake a dam integrity assessment.
“A kick-off meeting was held in the Brisbane office, and a site visit undertaken with CEPA, Mineral Resources Authority (MRA), company representatives and the independent consultants during the quarter.
“The company continues to support its host communities in PNG with ongoing medical and education support,” he said.
Dr Qun said during the September quarter, the PanAust executive management team agreed on strategic objectives that will ensure the company’s continued growth and prosperity. “
Our new strategic direction is anchored around three key pillars,” he said. “First, we will work to sustain the business in the short term through the extension of mine life at our Phu Kham copper-gold and Ban Houayxai gold-silver operations. “Next, we will continue to actively seek out opportunities to acquire high quality operating and near-term development assets in Southeast Asia (preferably Laos) and progress exploration activities in Laos and Myanmar. “Finally, we will look to grow the business in the long term through the advancement of the Sepik Development Project.”
PanAust’s focus for the December quarter will be to deliver outstanding full-year production and cost outcomes, and on defining clear pathways to achieving its strategic objectives.