Source: www.proactiveinvestors.com. --- Monday, December 17, 2012
Toro Energy ?( ASX: TOE ) will have to wait a little longer for a Federal Government decision on environmental approval for its Wiluna Uranium Project in Western Australia. Federal Minister for Sustainability, Environment, Water, Population and Communities Tony Burke advised the company that he wants more information on some specific aspects of the project and that the time for his decision has been extended to 31 March 2013. However, Burke also advised that he hoped to make his decision well in advance of this date. ?Toro is very surprised and extremely disappointed with this further delay,? Toro?s managing director Greg Hall said. ?It means that there will be a gap of up to six months between the decisions of the two jurisdictions when the bi-lateral agreement was meant to ensure a harmonisation of the process.? Burke noted that Wiluna received Western Australia environmental approval on 10 October 2012 after a three year assessment under a Federal-State bi-lateral agreement. It was then advised on 6 November by the Federal Department of Sustainability, Environment, Water, Population and Communities that the timeframe for a final Federal Government decision was being extended by 30 business days with a final decision made on 18 December. The company was also advised on more than one occasion that no further information was required from Toro. ?Today, on the final day for a decision, Toro has been advised that the Minister does ...
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