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IC Potash Corp
Symbol C : ICP
Shares Issued 152,528,084
Close 2013-08-09 C$ 0.27
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IC Potash's Ochoa has DEIS published by BLM

2013-08-12 07:10 ET - News Release

Mr. Mehdi Azodi reports

IC POTASH ANNOUNCES PUBLICATION OF DRAFT ENVIRONMENTAL IMPACT STATEMENT FOR OCHOA SULPHATE OF POTASH PROJECT

The notice of availability of the draft environmental impact statement for the Ochoa sulphate-of-potash project in southeastern New Mexico was published by the United States Department of the Interior Bureau of Land Management in the federal register on Friday, Aug. 9, 2013.

The DEIS is a disclosure document prepared by the BLM that describes the potential adverse or beneficial environmental and social impacts -- either direct, indirect or cumulative -- that could result from the development of the Ochoa project. The DEIS describes more than two years of careful and comprehensive study of water resources, cultural resources, natural resources, air quality and other resources. The DEIS was prepared to assist the BLM in reaching a decision on whether to approve ICP's mine plan of operations, requested rights of way and preference right leases, and, if so, under what conditions.

As part of the decision-making process, the BLM will solicit public comment on the DEIS. The public review and comment period will be open for 45 days, giving interested stakeholders the opportunity to make their opinions known to the BLM. During the review period, the BLM will host three public meetings at the following times and locations:

Aug. 27, 2013, 4 p.m. to 6:30 p.m.:  National Cave and Karst Research Institute, 400-1 Cascades Ave., Carlsbad, N.M., 88220

Aug. 28, 2013, 10 a.m. to 12 p.m.:  Woolworth Community Library, 100 East Utah Ave., Jal, N.M., 88252

Aug. 28, 2013, 4 p.m. to 6:30 p.m.:  New Mexico Junior College, Training and Outreach Building, 5317 North Lovington Highway, Hobbs, N.M., 88240

Sidney Himmel, ICP president and chief executive officer, said: "As this important study will show, ICP has designed a project that safeguards the environment while contributing to the economy of southeastern New Mexico. This includes the use of deep, non-potable water to supply operations, an approach that will not affect shallow, fresh groundwater resources. The publication of the DEIS marks a key milestone for the project, paving the way for the company to break ground on construction of the mine and processing facility. With more than 100 full-time employees and consultants currently engaged in the project, it is expected that up to 1,400 new construction jobs, at peak construction activity, will be created and up to 500 additional new permanent employees will be hired to support commercial operations once construction is completed and production is under way."

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