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| The value of the zinc, lead and silver deposit at the Prairie Creek mine is estimated at $2.5 billion. (Canadian Zinc Corp.) |
The Mackenzie Environmental Impact and Review Board has given approval to Canadian Zinc Corp.'s Prairie Creek mine in the Nahanni National Park Reserve.
Canadian Zinc shares closed up six cents, or 8.6 per cent, to 76 cents on 17 times their usual volume on the Toronto Stock Exchange Friday.
The board said the mine, which was largely constructed in the 1980s but never operated, wouldn't pose any significant environmental hazard.
But it was divided on the issue.
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News Releases
 Download | News Release: The Mackenzie Valley Review Board approves Prairie Creek MineDecember 8th, 2011 On December 8, 2011, the Mackenzie Valley Environmental Impact Review Board (Review Board) submitted its Report of Environmental Assessment and Reasons for Decision for Canadian Zinc Corporations’ proposed Prairie Creek Mine to the Honourable John Duncan, Minister of Aboriginal Affairs and Northern Development. The Review Board has concluded, pursuant to paragraph 128 (1) (a) of the Mackenzie Valley Resource Management Act, that the proposed development as described in this Report of Environmental Assessment, including the list of commitments made by the developer during the proceedings, is not likely to have any significant adverse impacts on the environment or to be a cause for significant public concern. Please read the attached news release for information about the decision and next steps. The decision can be downloaded here: EA0809-002: Report of Environmental Assessment and Reasons for Decision |
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