NovaGold Resources and Barrick Gold US have received a key environmental permit from the US Army Corps of Engineers for their joint venture (JV) project in south-west Alaska, US.

The Corps has published an environmental impact statement (EIS) in support of the Donlin gold project, in addition to filing the final EIS notice of availability in the Federal Register.

The Donlin project is jointly owned by subsidiaries of Novagold and Barrick and comprises approximately 39 million ounces (Moz) of gold in the measured and indicated resource categories.

“The publication of the final EIS is an important milestone for Donlin Gold and reflects a high degree of professionalism and teamwork by the entire project team.”

It is expected to produce 1.1Moz of gold per year over a mine-life of 27 years, based on the results of an initial feasibility study.

Barrick president Kelvin Dushnisky said: “The publication of the final EIS is an important milestone for Donlin Gold and reflects a high degree of professionalism and teamwork by the entire project team.

“We look forward to ongoing engagement with our community and government partners as we continue to advance through this important permitting phase.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The mineral rights for the Donlin project are currently held by Calista, while the surface rights are held by the Kuskokwim Corporation (TKC).

An EIS for the development will need to be prepared by federal agencies under the National Environmental Policy Act (NEPA) to discern whether the construction and operation of mines poses a threat to the region’s physical and human environment.

The EIS process initially began in in July 2012 when the partners filed an application for a federal wetlands permit.

Novagold Resources president and CEO Greg Lang said: “The filing of the Donlin Gold EIS is a major step forward in unlocking the enormous value of our uniquely attractive gold asset.”