Allegiance Coal (ASX:AHQ) - Chairman and CEO, Mark Gray
Chairman and CEO, Mark Gray
Source: Smithers Interior News
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  • Allegiance Coal (AHQ) files its application for an Environmental Assessment Certificate for the Tenas Coking Coal project in Canada
  • The application was filed by Telkwa Coal with the British Columbia Environmental Assessment Office (BC-EAO) who will now conduct a nine-month review process
  • This will consist of a one to two month screening, six months review, and two months for a joint decisions by the Ministers for the Environment, and Energy, Mining, and Natural Resources
  • The company said its experience with previous applications indicates the review process will likely take longer than nine months
  • Shares close 3.03 per cent lower today at 48 cents each

Allegiance Coal (AHQ) has filed its application for an Environmental Assessment Certificate for the Tenas Coking Coal project in Canada.

The application was filed by Telkwa Coal with the British Columbia Environmental Assessment Office (BC-EAO) who will now conduct a nine-month review process.

This will consist of a one to two month screening, six months review, and two months for a joint decision by the Ministers for the Environment, and Energy, Mining, and Natural Resources.

The company said its experience with previous applications indicates the review process will likely take longer than nine months.

The speed at which it is assessed will depend on the quality on the application submitted.

Chairman and Chief Executive Officer Mark Gray was delighted with lodging the application.

“While it is 15 months past our original target date, I cannot stress the enormity of reaching this milestone,” he said.

“A combination of prudence and caution in preparing the application coupled with a voluntary nine-month pause in the pre-application phase of the process by Telkwa Coal, at the request of the Office of the Wet’suwet’en (OW), were key reasons for the delay.”

“We are, however, better placed in the knowledge that our application is more robust, and we have reached this point in consultation with the OW.”

“We have also finalised a Project Assessment Agreement with the OW to ensure they are resourced to participate in the EA Application review.”

Shares closed 3.03 per cent lower today at 48 cents each.

AHQ by the numbers
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