👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Evion Group completes ESIA for Maniry Graphite Project

Published 31/05/2023, 10:53 am
© Reuters.  Evion Group completes ESIA for Maniry Graphite Project

Evion Group NL (ASX:EVG) has finalised an Environmental and Social Impact Assessment (ESIA) for Maniry Graphite Project in Madagascar with the independent assessment, executed by Resolve Consulting, evaluating the potential environmental and social effects of the proposed development and associated operations.

Conforming to international best practices, Maniry's operations will adhere to IFC Performance Standards on environmental and social sustainability, as detailed in the assessment. This report will be forwarded to Madagascar's National Office for the Environment (ONE) for review and permitting.

Evion's managing director Tom Revy voiced his confidence in the project following the assessment, noting the significant environmental and social merits of Maniry.

"The project is already making a substantial financial and social contribution to the community of Maniry, as demonstrated by the recently-completed primary school built by Evion,” Revy said.

"This will continue to increase as development ramps up, creating jobs and training opportunities for the people of Maniry for many years, as well as generating substantial revenues to help fund government services.

"Maniry will also provide much-needed graphite for the production of lithium batteries, meaning the project will play an important role in the decarbonisation process, further underpinning its strong environmental credentials."

Local appointments

To bolster its ESIA expertise, Evion has recently brought on board two additional consultants from Madagascar.

Carl Andriamparany, former general secretary of the Ministry of Mines, will oversee the permitting and licensing stage, while Dr Razafiharison Andriamanantena, an expert in anthropology and environmental management, will advise on community matters.

Carl Andriamparany

The former general secretary of the Ministry of Mines is a specialist permit and licensing consultant brought in to oversee the permitting and licensing stage during the pre- to post-construction phases for the Maniry Project.

Andriamparany will work with existing staff in Evion’s Antananarivo office in preparing and submitting all necessary documentation.

Dr Razafiharison Andriamanantena

Dr Andriamanantena has held the position of chancellor of the University of Toliara, Madagascar, since 2019. His speciality area includes anthropology, environmental management and sustainable community development in the southern area of Madagascar.

He will act as a key adviser to the company on key community matters having been raised in the project area and being familiar with the local dialect and social customs.

Dr Andriamanantena also served on the board of ONE from 2015 to 2016.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.