RE:west Detour news , what impact will it be?It is positive. One less hoop to jump through. Detour previously said that the provincial process takes 1 year while the federal process can take 2 to 3 years. Click the link for more.
https://www.detourgold.com/investors-centre/News-Releases/news-Release-Details/2017/Detour-Gold-Announces-Updated-West-Detour-Development-Plans/default.aspx
TORONTO, ONTARIO--(Marketwired - Sep 13, 2017) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports that the federal Minister of Environment and Climate Change has declined to designate the West Detour project under the Canadian Environmental Assessment Act, 2012. The project will therefore remain under the provincial environmental assessment permitting process.
The Company filed the draft Environmental Study Report ("ESR") on January 30, 2017. The ESR was subsequently distributed to impacted Aboriginal communities with whom the Company has had ongoing consultation.
"Detour Gold has been in meaningful engagement with its Aboriginal partners on the development of West Detour. While this decision provides clarity on the jurisdiction of the regulatory process, it does not change our commitment to engage with our Aboriginal partners to ensure that their environmental, spiritual and cultural concerns are addressed," stated Paul Martin, President and CEO.
The Company does not intend to change the overall timing for the development of West Detour which, as reflected in the Company's current life of mine plan, is scheduled to commence in 2025.