This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:New Gold confirms business as usual at Cerro San Pedro 2009-11-02 09:38 ET - News Release Mr. Robert Gallagher reports NEW GOLD CLARIFIES RECENT MISINFORMATION REGARDING ITS CERRO SAN PEDRO MINE New Gold Inc. confirms that all permits, licences, 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 (EIS) for the Cerro San Pedro mine was approved in 1999. Over the last 10 years a small group opposed to the mine has conducted a continuing series of challenges, appeals and counterappeals 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.
"New Gold is a welcome member of the Cerro de San Pedro community and has demonstrated its commitment to corporate social responsibility through meaningful support to our schools, health services and infrastructure improvement," stated Santos Loredo Tenorio, President of the Cerro de San Pedro Municipality. "The company's contribution to sustainable community development and our future is greatly appreciated."
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