Greenstone Gold Mines project, Canada
The project involves the re-start of a gold mine that previously was an underground mine, into an opencast mine, located approx. 4 km south of the Geraldton community i Ontario, Canada.
EKN has made a preliminary classification of the project as category A and conducts an environmental and social (E&S) due diligence of the project. The project’s preliminary key environmental and social risks relate to that the project is located in an area of First Nations. The Environmental Impact Assessment of the project is available in the following link:
Each transaction considered by EKN for providing guarantees in relation to the Greenstone Gold Mines project is below the OECD threshold for disclosing Category A projects. Nevertheless, the transactions are cumulatively above the threshold and therefore EKN choses to disclose the project.
The information was published on EKN's website www.ekn.se on May 30th, 2023. Comments on the project can be made within at least 30 days to info@ekn.se. This procedure is in accordance with the OECD Recommendation on Common Approaches for Export Credit Agencies (ECAs).
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