Compliance still intends to carry on with Raven mine project

Management undeterred by withdrawal of financial backing

  • Jul. 30, 2015 8:00 p.m.

Scott Stanfield

Record staff

Despite the loss of one minority partner and the apparent loss of another, Compliance Energy Corporation still intends to forge ahead with the proposed Raven underground  coal mine in Baynes Sound.

Itochu Corporation of Japan officially withdrew from the Comox Joint Venture in June. LG International Corporation of Korea (LGi) has told the company it too plans to withdraw from the project. Both own 20 per cent of the venture.

“Compliance Coal has complete ownership,” president/chief operations officer Stephen Ellis said Monday. “The company is still intending to carry on with the process.”

CoalWatch Comox Valley president John Snyder feels the withdrawal of LGi is significant and “adds to the long history of setbacks for the Raven Coal project over the past six years.”

Compliance purchased the coal rights in 2005 and established a joint venture with Itochu and LGi. An economic feasibility study was completed in 2009 for the development of an underground coal project. That same year, Compliance entered into an Environmental Assessment (EA) process. The company has so far spent more than $20 million on the project.

In 2013, the provincial Environmental Assessment Office rejected the company’s application for an EA certificate. Earlier this year, Compliance withdrew its application from a provincial screening process to clear up some misconceptions about the proposed mine.

At this point, Ellis is not sure if Compliance is close to re-applying.

“There’s different things happening which I can’t talk about right now,” he said.

 

Just Posted

Annual labyrinth walk welcomes the festive celebration of lights season

Take a break from the commercial activity of the holiday season and… Continue reading

Strong winds to hit B.C.’s south coast

Western regions may see winds of up to 80 km/hr

Courtenay family looking for help after baby born two months premature

A GoFundMe page has been set up as a difficult pregnancy and a long stay in Victoria have left the family struggling to get by

Land & Sea Brewing Company opens its doors in Comox

Managing director says the brewery will be a compliment to the Valley’s craft beer scene

‘Are we going to play?’ Alberta boy with rare illness no big deal for classmates

Porter Stanley is one of 30 people in the world to be diagnosed with Beare-Stevenson syndrome, a craniofacial disorder.

Man rescued from sinking boat off the coast of Vancouver Island

Mayday call came into Coast Guard saying vessel had taken on water, BC Ferries dispatched to scene

Publication ban on name of girl killed in Abbotsford school lifted

Reimer’s family had supported an application by Black Press to lift ban

B.C. securities regulator probes ‘most expansive’ alleged trading scheme in its history

Liht Cannabis Corp states it’s doing internal investigation, welcomes BC Securities Commission probe

Air passenger rights: 6 things about what the Liberals are offering

For 3- to 6-hour delays, compensation is $400. Between 6 and 9 hours, $700. Over 9 hours is $1,000

Descoteau’s mother, girlfriend reflect on tribulations of murder trial in Island city

Friends a strong support system in getting through testimony details

RCMP, civilian vehicles rammed in North Okanagan incident

Police attempt to stop truck near Enderby, thought to be tied to alleged Salmon Arm armed robbery

New biker gang with ties to Hells Angels crops up in Lower Mainland

The Street Reapers were formed late last year and have been seen in Fort Langley.

Man exposes himself to woman waiting for bus in Campbell River

Police responded to a complaint that a male had exposed himself to… Continue reading

Most Read