TSX-V TRADING SYMBOL: CEC
March 21, 2013
Compliance Energy Corporation ("Compliance" or the "Company) is pleased to announce that its subsidiary, Compliance Coal Corporation, on behalf of itself and its joint venture partners, I-Comox Coal Inc. (a subsidiary of Itochu Corporation of
) and LG International Investments (
) Limited (a subsidiary of LG International Corp. of Korea) has commenced electronic submission and physical delivery of its joint provincial application for an Environmental Assessment certificate ("Application") and its Federal Environmental Impact Statement ("EIS") for the proposed Raven Underground Coal Mining Project (the "Project") on Vancouver Island,
. The filing process will be completed when Compliance Coal delivers printed and electronic copies of the over 12,000 page document, which are now being collated and distributed.
"The submission of the Environmental Assessment Application and EIS for the proposed Raven Underground Coal Mining Project marks another substantial milestone for the Company," said Compliance Coal President and CEO
. "The Environmental Assessment certificate is a key approval required for the Raven Underground Coal Mining Project and we are now progressing towards that goal on a legislated timeframe. We are confident that the Raven Underground Coal Mining Project can make a significant contribution to the economy of Vancouver Island, through the creation of approximately 350 full-time jobs and a significant number of spin-off jobs in an area that has had limited new private industry initiatives in the past few years."
The Application/EIS includes detailed descriptions of the Project, summaries of the studies conducted to assess baseline conditions, and an extensive analysis of potential direct, indirect and cumulative effects including activities proposed to mitigate those potential effects. The Application addresses key information on wildlife, freshwater and marine ecosystems, hydrology, hydrogeology, First Nations consultation, and economic opportunities; and is the result of several years of environmental field work and consultation. For the past several years, the Project team has engaged First Nation communities and Aboriginal groups, the public and other stakeholders to provide factual information on the Project and to obtain and incorporate feedback on the proposed Project design.