BAPE Rejects Falco’s Horne 5 Mine Proposal; Stock Drops 25.8% to $0.23

The Bureau d’audiences publiques sur l’environnement (BAPE) believes that Ressources Falco’s new underground mine project (Horne 5) in Rouyn-Noranda is “not acceptable” in its current form. In its 281-page investigation report, the BAPE investigation commission summarizes that the project does not meet minimal requirements, “in terms of safety, public health, environmental protection, [and] internalization of costs”. The Minister of the Environment, Benoit Charette, received a copy of this report on December 23rd. He had two weeks to make it public, which was done Tuesday morning. The minister has not issued any comments. In writing, his office declared that they want … Continue reading BAPE Rejects Falco’s Horne 5 Mine Proposal; Stock Drops 25.8% to $0.23