Century submits an environmental impact study for the
HONG KONG, May 27, 2021 (GLOBE NEWSWIRE) – Century Global Commodities Corporation (“Century“or the”Company“) (TSX: CNT) is pleased to announce that its subsidiary and special purpose vehicle, Joyce Direct Iron Inc. (” JDII “), has submitted an Environmental Impact Statement (” EIA “) for the Joyce Project Lake Direct Shipping Iron Ore (the “Project” or “Joyce Lake”) to the Impact Assessment Agency of the Government of Canada (the “IAAC”) and the Environmental Assessment Division of the Department of Government of Newfoundland and Labrador Environment and Climate Change (the “NLDOECC”).
The EIS was produced to meet the requirements of the Federal EIA Guidelines of March 5, 2013 that apply to the project. The EIA sets out the fundamental elements of the project design and analyzes its environmental, economic and social impacts with the corresponding mitigation measures, controls and benefits that will be present during the operation of the project from construction to closure. The EIS registration documents can be found on the NLDOECC website: https://www.gov.nl.ca/ecc/projects/project-2143/.
The environmental assessment by the Government of Newfoundland and Labrador is an essential first step to allow the construction and operation of Joyce Lake. The EIA is intended to meet the requirements of an environmental assessment under the Canadian Environmental Assessment Act (2012) and the Environmental Protection Act of Newfoundland and Labrador. The project was initially registered with the NLDOECC on October 15, 2012. The IAAC determined that a federal environmental assessment was required on January 4, 2013. This EIS was prepared by JDII in accordance with federal and provincial government requirements.
Sandy Chim, CEO of the company, said: “I am very pleased with the submission of the Joyce Lake EIA to the environmental agencies of Newfoundland and Labrador and the Federal Government of Canada to officially launch the provincial process and continue the federal environmental assessment process. This is an important step in the development of the project, putting us in a position to move the project forward during the window of opportunity offered by a highly recovered iron ore market. “
Century Global Commodities Corporation (TSX: CNT) is primarily an exploration and resource development company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly discovered by its own exploration team. . It has other non-ferrous metal properties under exploration as well as a well-established food distribution company (Century Food) in Hong Kong.
Joyce Lake DSO Iron Ore Project
Joyce Lake, our most advanced project, is a DSO (drop-shipment ore) project in Newfoundland and Labrador, near the town of Schefferville, Quebec, which is served by a rail link directly to the ports of maritime transport of iron ore to Sept-Îles. A new 43 km dedicated transport road will be built to connect the project to the rail link. The project has completed feasibility and permitting studies and can be put into production within approximately 30 months. Additional details regarding the project and its mineral reserves are included in the company’s press release dated April 15, 2021.
Century Food is a subsidiary of the company it started a few years ago and is a value-added marketing and distribution company of quality food products sourced from regions such as Europe and Australia and sold on the Hong Kong market.
For more information, please contact:
Sandy Chim, President and CEO
Century Global Commodities Corporation
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