GIP Gippsland

RNS Number:9646O
Gippsland Limited
18 July 2005


18 July 2005

GIPPSLAND LIMITED ("Gippsland" or "the Company")

ENVIRONMENTAL IMPACT ASSESSMENT

Abu Dabbab Environmental Impact Assessment Completed to World Bank and Egyptian
Guidelines.

Gippsland Limited is pleased to announce the submittal of the Environmental
Impact Assessment ("EIA") for the Company's 40Mt Egyptian Abu Dabbab tantalum
project. The EIA was undertaken by the Egyptian environment Group Environics in
association with the German company Dorsch Consult. The international
environmental engineering group Knight Piesold also contributed to the EIA.

The structure and content of the EIA, undertaken over a period of some 16
months, was completed in accordance with Egyptian Environment laws and involved
various stakeholder meetings, as well as a public consultation meeting held in
the ancient Red Sea port city of Quseir. The final EIA report took into account
comments and recommendations provided in these meetings by various Egyptian
authorities, NGOs, academics and other local, regional and national stakeholders
associated with the Abu Dabbab project.

Additionally, the EIA was prepared to comply with the World Bank Group
guidelines which complimented those provided by Egyptian legislation.

The EIA process was conducted in parallel and interactively with project design.
As a result, potential negative environmental effects have been mitigated,
through appropriate design and environmental management, to acceptable levels by
international standards. Commitments to enhance the numerous social benefits of
the project have been outlined in the EIA, as well as to further the stakeholder
engagement process throughout project development.

The EIA document was presented to the Egyptian Environmental Affairs Agency
("EEAA") on 14 July 2005. As allowed by Egyptian legislation, the EEAA is
provided with a 60-day period to review the EIA and to respond with questions
and comments relating to the document. Discussions with various Egyptian
authorities indicate a high level of support and acceptance of the EIA the
completion of which is a major milestone for the project.

The EEAA's approval process will take place in parallel with other tasks
associated with project finance and the overall implementation of the project
all of which will intensify during the coming months.

For further information please contact:

Jack Telford
Executive Chairman
Gippsland Limited
www.gippslandltd.com
Tel: +61 (0)8 93898611
jtelford@gippslandltd.com

Bill Sharp
Les Polden
Hoodless Brennan & Partners Plc
Tel: +44 (0)20 7610 8565
B.Sharp@HB-Corporate.com
L.Polden@HB-corporate.com

Leesa Peters
Laurence Read
Conduit PR
Tel: +44 (0)20 7618 8708
leesa@conduitpr.com
laurence@conduitpr.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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