Latest news with #EnvironmentalImpactAssessment
Yahoo
8 hours ago
- Business
- Yahoo
HORIZON PETROLEUM PROVIDES AN OPERATIONS UPDATE OF ITS PREPARATION FOR FIRST PRODUCTION IN POLAND
CALGARY, AB, June 1, 2025 /PRNewswire/ - Horizon Petroleum Ltd. (the "Company" or "Horizon") (TSXV: HPL) (FRA: HPM) (Tradegate: HPM) is pleased to provide an operations update on progress made towards first production from its cornerstone Lachowice gas development in the Bielsko-Biala concession, southern Poland. David Winter, CEO of the Horizon commented: " We are pleased with the continuing progress in our operations towards first production from the Lachowice 7 well. Board and Management recognise the efforts of our operating team in Poland in ensuring that the initial development program is executed as planned. We also recognise the very positive relationships that we enjoy with our neighbours at Lachowice, and the positive contributions from our contractors, local authorities and government. We look forward to our continuing work with all stakeholders and will update shareholders as the initial development program progresses". Assuming a successful workover result, gas and/or electrical power sales from the Lachowice 7 (L7) well will provide the Company with its first cashflow and will provide a long-term test of the production performance of the naturally fractured, Devonian aged, limestone and dolomite reservoirs in the L7 well. Preparatory work for the L7 workover is progressing on schedule: The Environmental Impact Assessment (EIA) Permit for the L7 workover has been approved by the Ministry of Climate and the Environment (the "Ministry"). With the funds from the recent successful debenture financing, long lead time materials and services have been sourced and ordered with expected deliveries in August and September. These materials include the tubing, wellhead and completion equipment. The Company has received confirmation from its electrical contractor that the local utility company will move the power line that crosses the L7 wellsite by the end of June. Final civil engineering design for the wellsite and access road has been completed and tendering for the construction works to be awarded in the next 3-4 weeks. Wellsite and access road construction to commence in July once the above-mentioned electricity line has been moved. The Company is working with a local service provider to choose the appropriate rig for the workover, now scheduled to commence in September with long-term production testing of the well in October. Early Production System (EPF) The Company continues the work towards finalizing the early production scheme for the initial development at the L7 well following the workover and testing. As previously disclosed, the Company contracted a local electrical engineering company and a mechanical engineering company to review options to monetize gas production from the initial development at L7 and the full field development Lachowice gas field. The reviews and investigations are largely completed: Gas to Power: The company has identified two access points into the local electricity transmission grids. The first with 2MW capacity is located with 300m of the L7 wellsite. The second with 4MW capacity is located approximately 1km from the L7 wellsite. Horizon has made an application to secure the 2MW capacity that will be the first tie-in point for G2P. The company continues to work towards securing the 4MW at the second location. The preliminary design of the gas processing facility that will be required to separate the liquid condensate and any free water from the L7 gas stream has been completed. The Company has commenced sourcing the required vessels and other process equipment. Work on the EIA for the production facility is underway targeting submission in mid-June. Full Field Development Plan The Company has commenced the preliminary work for the EIA for the planned 100km2 3D seismic survey over the Lachowice gas field. A third-party evaluation has identified a high-pressure gas network tie-in point approximately 14 km northeast of L7, half the distance of the previous plan, which will result in reduced pipeline costs and faster approvals. Takeaway capacities have been confirmed and are consistent with Horizon's short and long-term forecast production volumes. The Company has commenced discussions with pipeline operator and owner to secure access and pipeline capacity. The Company will shortly commence the initial work on the EIA for the full field development facility site and commence the process to rezone the land for industrial use. Lachowice 7 Well Workover Operations Program The L7 workover is scheduled to be conducted in September/October of this year subject to receiving the necessary long lead items, equipment and services as planned. A detailed program has been completed and application to the Polish Mining authority for the program will be submitted shortly. The workover program will consist of: Upgrade the wellhead to execute the workover and eventual production. Drill out a surface cement plug and downhole mechanical plug in the wellbore. Pressure test the existing well casing to ensure wellbore security and integrity Drill and recover an existing packer located above the zone that originally tested up to 8.9mmscf/d gas Reperforate, acid stimulation and production test of this same zone Complete the well for production in anticipation of the EPF to be installed on site in first half 2026. The Company is targeting gas/electricity sales and first cash flow by the first half of 2026. About Horizon Petroleum Ltd. Calgary-based Horizon is focused on the appraisal and development of natural gas and oil reserves in Europe. The Management and Board of Horizon consist of oil & gas professionals with significant international experience. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Horizon. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur or be achieved. This press release contains forward-looking statements pertaining to, among other things the timing of re-entry of the well, the moving of the infrastructure in the area, timing of sales gas, and other operational matters in this news release, all of which are subject to change. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by Horizon and described in the forward-looking information contained in this press release. Although Horizon believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. View original content to download multimedia: SOURCE Horizon Petroleum Ltd. Sign in to access your portfolio
Time of India
10 hours ago
- Politics
- Time of India
NGT says interference not required in construction of commando battalion HQ
New Delhi: The National Green Tribunal (NGT) has said that its interference is not required in a matter regarding the alleged illegal permission granted for construction of the second Assam Commando Battalion unit headquarters inside the inner line of reserved forest in Assam's Hailakandi district. The tribunal disposed of the matter, saying it had received an affidavit from the state government that the project's construction would be confined to less than 20,000 square metres or around 4.94 acres and according to rules, and Environmental Clearance (EC) was not required for such construction. The green body had taken suo motu (on its own) cognisance of a media report, which alleged that top forest officials of the Assam government had illegally diverted 44 acres of protected forest land for a Commando Battalion Headquarters -- a project which was being executed by the Assam Police Housing Corporation. "In the affidavit dated April 25, 2025, the state of Assam has taken the stand that it will confine its construction to 20,000sqm (19,668sqm to be precise). For such a construction, EC is not required," said a bench of NGT chairperson Prakash Shrivastava in an order dated May 30. The bench also comprising judicial member Justice Sudhir Agarwal and expert member A Senthil Vel noted the state government's affidavit, according to which, "The state government is ready to dismantle all the constructions beyond 20,000sqm and shall not undertake any further construction (of buildings and premises) beyond the said limit, for which no EC is required as per the provisions of the Environmental Impact Assessment (EIA) Notification of 2006. " PTI
Associated Press
4 days ago
- Business
- Associated Press
Aclara Submits EIA and Provides Update for Its Carina Project in Brazil
TORONTO, ON / ACCESS Newswire / May 29, 2025 / Aclara Resources Inc. ('Aclara' or 'Company') (TSX:ARA) is pleased to announce that it has submitted an application for the Environmental Impact Assessment (the 'EIA' or 'Previous License', as it is commonly known in Brazil) for its Carina Project with the Secretariat of the Environment and Sustainable Development ('SEMAD') in the State of Goiás, Brazil. The submission, consistent with the Carina Project's schedule and prior announcements, marks a key step towards the Company achieving commercial production of rare earths in 2028. We understand that Aclara's EIA represents the first 'Category Six' (highest complexity) application submitted by a company under SEMAD's new and innovative environmental licensing system, known as the IPE system. The EIA currently meets all established requirements of the IPE system, however, as the IPE system continues to evolve, additional submissions may be required from the Company to align with future procedural and formatting updates to be implemented by SEMAD. The Company expects that any such additional submission(s) will not be substantive in nature, nor should such submission(s) impact the Company's target of receiving approval for the EIA during Q4 2025. As previously disclosed in the Company's technical report titled 'Preliminary Economic Assessment Update - Carina Rare Earth Element Project - Nova Roma, Goiás, Brazil' dated September 5, 2024, the Carina Project is projected to attain an average annual production of 191 tonnes of Dysprosium (Dy) and Terbium (Tb), representing approximately 13% of China's 2023 official Dy and Tb production, which could address approximately 50% of the U.S. automotive industry demand by 2030. In addition, the Carina Project is expected to have an average annual production of 1,350 tonnes of Neodymium and Praseodymium, as well as other rare earths, including Samarium, Gadolinium, Lutetium and Yttrium, among others. The projected life-of-mine for the Carina Project is 22 years. Aclara's recently inaugurated semi-industrial pilot plant in Aparecida de Goiania in the State of Goiás continues to operate and receive visits by various Brazilian and foreign stakeholders. The new pilot plant showcases Aclara's proprietary Circular Mineral Harvesting technology, an innovative and sustainable production process that will be implemented in the Carina Project. The pilot plant also incorporates several process optimizations designed to enhance efficiency, lower operating costs, and improve the purity of the final product. In parallel, Aclara continues to advance and is on track to complete its Pre-Feasibility Study and Feasibility Study for the Carina Project in Q3 2025 and Q1 2026, respectively. Jose Augusto Palma, Aclara's Executive Vice President, commented: 'The submission of the Carina Project EIA application constitutes a significant milestone for Aclara, which culminates months of hard work by our team in Brazil to fast track the Carina Project, in line with the shared commitment, expressed in the Memorandum of Understanding signed with the State of Goiás in August 2024, to accelerate the permitting process and implementation of the Carina Project. We take great pride in the work accomplished to date and we very much look forward to continuing to work with the Municipality of Nova Roma and the State of Goiás to make the Carina Project a catalyst of socio-economic development for the region. Our goal is to have the Carina Project operational by the end of 2028 to produce, with the highest environmental and social standards, the critical minerals required for the world's energy transition, robotics and other high-tech applications. We extend our gratitude to our team in Brazil, the municipal authorities of Nova Roma, state authorities, and the Governor of Goiás for their continuous support.' About Aclara's Circular Mineral Harvesting Process Aclara's patented rare earth extraction process - Circular Mineral Harvesting - offers several environmentally attractive features. It does not involve the use of explosives and does not require crushing or milling (thus minimizing the use of energy as well as its carbon emissions and footprint). The close-circuit process developed by the Company works to minimize water consumption through high levels of water recirculation and does not generate liquid residues, therefore avoiding the need for a tailings dam. The ionic clay feedstock is amenable to an ion-absorption process, which uses a common fertilizer, ammonium sulfate, as its main reagent. Finally, our intention is to fully revegetate the areas impacted by our extraction process. Qualified Person The technical information in this press release has been reviewed and approved by Mr. Jorge Frutuoso, Fellow of the Australian Institute of Geoscientists (FAIG #8100), Geology Manager of Aclara, who is a Qualified Person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. About Aclara Aclara Resources Inc. (TSX:ARA), a Toronto Stock Exchange listed company, is focused on building a vertically integrated supply chain for rare earths alloys used in permanent magnets. This strategy is supported by Aclara's development of rare earth mineral resources hosted in ionic clay deposits, which contain high concentrations of the scarce heavy rare earths, providing the Company with a long-term, reliable source of these critical materials. The Company's rare earth mineral resource development projects include the Carina Project in the State of Goiás, Brazil as its flagship project and the Penco Module in the Biobío Region of Chile. Both projects feature Aclara's patented technology named Circular Mineral Harvesting, which offers a sustainable and energy-efficient extraction process for rare earths from ionic clay deposits. The Circular Mineral Harvesting process has been designed to minimize the water consumption and overall environmental impact through recycling and circular economy principles. Through its wholly owned subsidiary, Aclara Technologies Inc., the Company is further enhancing its product value by developing a rare earths separation plant in the United States. This facility will process mixed rare earth carbonates sourced from Aclara's mineral resource projects, separating them into pure individual rare earth oxides. Additionally, Aclara, through a joint venture with CAP S.A, is advancing its alloy-making capabilities to convert these refined oxides into the alloys needed for fabricating permanent magnets. This joint venture leverages CAP S.A.'s extensive expertise in metal refining and special ferro-alloyed steels. Beyond the Carina Project and the Penco Module, Aclara is committed to expanding its mineral resource portfolio by exploring greenfield opportunities and further developing projects within its existing concessions in Brazil, Chile, and other jurisdictions, aiming to increase future production of heavy rare earths. Forward-Looking Statements Forward-Looking Statements This news release contains 'forward-looking information' within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events, including statements with regard to: mineral continuity, grade, methodology, development timeline, production timing and upside at the Carina Project and the permitting process of the Carina Project, including the expected timing of approval of the EIA, Pre-Feasibility Study and Feasibility Study. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to risks related to operating in a foreign jurisdiction, including political and economic risks in Chile and Brazil; risks related to changes to mining laws and regulations and the termination or non-renewal of mining rights by governmental authorities; risks related to failure to comply with the law or obtain necessary permits and licenses or renew them; cost of compliance with applicable environmental regulations; actual production, capital and operating costs may be different than those anticipated; the Company may be not able to successfully complete the development, construction and startup of mines and new development projects; risks related to fluctuation in commodity prices; risks related to mining operations; and dependence on the Carina Project and/or the Penco Module. Aclara cautions that the foregoing list of factors is not exhaustive. For a detailed discussion of the foregoing factors, among others, please refer to the risk factors discussed under 'Risk Factors' in the Company's annual information form dated as of March 20, 2025, filed on the Company's SEDAR+ profile. Actual results and timing could differ materially from those projected herein. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release and the Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. For further information, please contact: Ramón Barúa Costa Chief Executive Officer [email protected] SOURCE: Aclara Resources Inc. press release
The Star
4 days ago
- Business
- The Star
Two down for PKR in Cabinet
PETALING JAYA: A day after the Asean summit concluded, Datuk Seri Rafizi Ramli has made good on his promise to quit as Economy Minister. Another person aligned with Rafizi in the party elections, Nik Nazmi Nik Ahmad, has also resigned. Both tendered their resignation from the Cabinet to Prime Minister Datuk Seri Anwar Ibrahim. Rafizi announced his departure as Economy Minister at 1.45pm yesterday and just over two hours later, Nik Nazmi said he was leaving as Natural Resources and Environmental Sustainability Minister. Last week, during the PKR polls, Rafizi lost his party deputy presidency to Anwar's daughter Nurul Izzah while Nik Nazmi finished fifth among 11 candidates in the vice-presidency race. There were only four positions for vice-president being contested. Rafizi said his resignation will take effect from June 17 and he will be on leave until June 16. 'My recent defeat in the PKR polls means I no longer have the mandate from my party to translate the people's agenda, as envisioned by PKR, into government programmes. 'As practised in countries that prioritise democratic principles, leaders who lose in party elections must make way for those who have won,' said Rafizi. 'I am confident that the programmes to improve the country's economic structure, pioneered by the (Economy) Ministry, will continue to be successfully implemented. 'My final duty as the Economy Minister has been completed with the preparation of the 13th Malaysia Plan (RMK13), which has been finalised and is awaiting presentation at the next Parliamentary session,' he added. On May 7, Rafizi had said he would step down from his Cabinet post if he lost in the polls. Nik Nazmi, meanwhile, said his resignation will take effect from July 4. He is on leave until July 3. Echoing Rafizi's sentiments, Nik Nazmi said he was appointed as a minister when he was a PKR vice-president. Since he lost his post, he decided to resign. 'I am waiting to return to serve as an MP and focus on my area in Setiawangsa. 'To quote the late Britain MP Tony Benn: 'I left the Cabinet to focus more on politics and public service',' said Nik Nazmi. Nik Nazmi was appointed as the Natural Resources, Environment and Climate Change Minister in December 2022, and the Natural Resources and Environmental Sustainability Minister in Dec 2023. He said he had done his best to carry out necessary reforms within the civil service. 'The successes include amendments to the Environment Qualities Act 1974, as well as improvements in transparency in the Environmental Impact Assessment (EIA). 'Malaysia is also among the countries that tabled the National Biodiversity Strategies and Action Plan (NBSAP) to curb environmental destruction and deforestation,' he said.
![[UPDATED] Nik Nazmi resigns as cabinet minister](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2Fnikka_NSTfield_image_socialmedia.var_1748420399.jpg&w=3840&q=100)
![[UPDATED] Nik Nazmi resigns as cabinet minister](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
5 days ago
- Politics
- New Straits Times
[UPDATED] Nik Nazmi resigns as cabinet minister
KUALA LUMPUR: Nik Nazmi Nik Ahmad has resigned as natural resources and environmental sustainability minister. The Setiawangsa member of parliament said he had submitted his resignation letter to Prime Minister Datuk Seri Anwar Ibrahim. Nik Nazmi said the resignation will take effect on July 4. "I will be on leave starting tomorrow until July 3. "Since being appointed to the cabinet, first as the natural resources, environment and climate change (from December 2022 to December 2023), and later as the natural resources and environmental sustainability (from December 2023 to July 2025), I have done my utmost, alongside the deputy minister and dedicated civil servants, to implement much-needed reforms," he said in a statement today. Nik Nazmi, who lost the PKR vice-president post in the recent party election, said he was aware that the position was a key factor in his cabinet appointment. He said he decided to step down as the minister as he was not re-elected to the post. "I would like to express my deepest appreciation to the dedicated civil servants, my outstanding team, and all parties across the public sector, private sector, and civil society who have taught me so much and made possible the implementation of numerous important reforms during this period. "We have consistently strived to adopt an open, consultative approach in shaping policies and introducing legislation." He said among the key achievements of these two ministries are the phase 1 amendments to the Environmental Quality Act 1974 and improvements in transparency concerning Environmental Impact Assessment (EIA) reporting. He said Malaysia also became one of the earliest countries to submit its National Biodiversity Strategies and Action Plan (NBSAP) to combat environmental degradation. A significant reduction in deforestation rates has also received recognition from the United Nations secretary-general António Guterres, he said. "Just weeks after taking office, we successfully implemented the targeted restructuring of electricity subsidies under the Imbalance Cost Pass Through (ICPT) mechanism in Peninsular Malaysia. "We also passed the Energy Efficiency and Conservation Act in the Dewan Rakyat." He said the ministry also introduced the much-needed Tariff Setting Mechanism in the water sector. Nik Nazmi said the ministry initiated the drafting of the National Climate Change Bill, which is now in its final stages before being tabled to the cabinet and parliament. "I now look forward to resuming my responsibilities as a member of parliament and focusing on serving my constituency in Setiawangsa. "To borrow the words of the late British MP, Tony Benn, I left the cabinet to devote more time to politics and public service."
