Carbon Energy Limited (ASX:CNX) Bloodwood Creek Environmental Report Accepted By Queensland Government
Brisbane, Nov 17, 2010 AEST (ABN Newswire) - Carbon Energy Limited (
ASX:CNX) (PINK:CNXAF) advises that the Queensland Government Department of Environment and Resource Management (DERM) last night informed Carbon Energy that it has accepted the Company's environmental report as addressing the requirements of the Environmental Evaluation notice issued on 21 July 2010 and additional information notice issued on 21 September 2010.
The evaluation related specifically to containment of surface water on site, a common situation faced by many industries and not specifically Underground Coal Gasification (UCG), and at no time were underground activities or groundwater impacted by the incident.
As part of the evaluation, a comprehensive soil testing program was undertaken and has been independently assessed by a tier 1 Environmental Consultancy which confirmed that there was no ongoing effects or environmental harm.
As part of its report, the Company detailed the engineering and operating changes it has established on site to ensure that any reoccurrence is mitigated and has already put in place additional environmental controls.
DERM has further advised that, prior to gasification commencing for the Company's UCG Panel 2, it intends to amend some of the environmental conditions for the site to reflect the outcome of the environmental report and the Company's proposed mitigation measures.
The Company will hold meetings with DERM representatives in Brisbane today and onsite later this week to finalise these conditions and establish a date for commissioning of UCG Panel 2. The Company welcomes the news that its environmental report has been accepted and will work cooperatively with DERM to expedite any changes to environmental conditions arising from the report to ensure that commissioning of UCG Panel 2 can proceed as soon as possible.
About Carbon Energy Limited
Carbon Energy (ASX:CNX) (OTCMKTS:CNXAY) is building a gas business, utilising its unique keyseam technology.
The Company is committed to providing industrial gas users with an affordable and secure source of high quality feedstock, as gas prices remain strong, through increased demand across our key markets.
Carbon Energy is the only company to complete a full-lifecycle, commercial scalable underground gasification trial. The Company's keyseam technology has successfully accomplished all the recommendations outlined by the Queensland government's Independent Scientific Panel (ISP) which included intense, independent environmental scrutiny.
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