Canadian mining company New Millennium Capital Corp. (NML) announced on Sepember 1 that it has signed an agreement with SNC-Lavalin Environment of Montreal, Quebec to undertake an environmental assessment for the taconite project feasibility study currently being undertaken by NML and India's Tata Steel Global Minerals Holdings Pte Ltd (Tata Steel).
The consultant company SNC-Lavalin Environment will manage several specialized subcontractors based in the Provinces of Newfoundland and Labrador and Quebec. It will be responsible for completing the environmental assessment and conducting all work necessary to table Environmental Impact Statements to the appropriate regulators by November 2012. The final contract will be negotiated over the next few weeks.
Meanwhile, regarding the project, the collection of a 75 mt bulk sample has now been completed in accordance with the approved schedule. The samples are now being crushed and characterized at the Midland Research Centre Lab, located near Hibbing, Minnesota.