DPM mulls options after Loma Larga enviro licence is revoked
TSX- and ASX-listed DPM Metals is assessing options available to it to preserve value after Ecuador revoked the company's environmental licence for the Loma Larga gold project.
“We are deeply concerned by the decision to revoke our environmental licence, which was issued in June following a rigorous process by the government to ensure high Ecuadorian standards are applied in the development of Loma Larga. We are confident that our environmental management plan and the robust environment protection measures in place for Loma Larga are in compliance with those standards," says DPM president and CEO David Rae.
He adds that the company is committed to the highest standards of environmental stewardship and transparency and strictly complies with the laws in the countries where it operates.
“Responsible management of water and the sensitive environmental ecosystem near Loma Larga are key considerations in the project’s design. Water studies conducted by independent experts, DPM and the regulators, consistently demonstrate that the project would have no adverse impact on water supply," he notes.
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