OTCQX:NTTHF - Post by User
Comment by
shahabstarshipon Nov 21, 2019 11:46am
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Post# 30378517
RE:RE:RE:RE:RE:Forbes article summarize the big news
RE:RE:RE:RE:RE:Forbes article summarize the big news Here is what I had found regarding Orocobre licensing process which took from 2010 to 2012:
The EIA procedure began in 2010 when the company presented the first environmental study report. However, due to additional requirements from UGAMP and amendments in the licensing procedure, the project was not approved until 2012. In 2015 the plant started operating and in 2016 the production was 11,845 tonnes of LCE (prices increased from below US$ 6,000/tonne at the beginning of the financial year to more than double that at the end of 2016).
We applied for EIA in April. There is almost certainly back and forth in these procedures. But the management has kept maintaining their timeline regarding this. Could be too optimistic on their side (Based on other project facts presented, I don't this this is the case), but sounds like they are in very good relationship with the province.