| New Gold Inc. confirms that all permits, licenses, concessions or authorizations that are required to operate its Cerro San Pedro Mine are valid and in force. New Gold has filed an appeal to a recent decision of the Federal Court of Fiscal and Administrative Justice in Mexico pertaining to the process by which the Environmental Impact Statement, or EIS, for the Cerro San Pedro Mine was approved in 1999. Over the last ten years a small group opposed to the mine has conducted an ongoing series of challenges, appeals and counter appeals related to the EIS approval process. This latest decision does not affect Cerro San Pedro's other permits, including its operating permit or its ability to conduct business. :theflyonthewall.com |
