Nevada Gold Mines To Pay $618,000 For Pollution
By SCOTT SONNER
RENO, Nev. (AP) The U.S. Environmental Protection Agency has ordered three northern Nevada gold mines to pay a total of $618,000 for failing to report the release of toxic chemicals, including cyanide, lead and mercury from 2005-08.
All three mines are subsidiaries of the Toronto-based Barrick Gold Corp. Barrick Cortez Inc.'s Cortez Gold Mine near Crescent Valley, Barrick Gold US Inc.'s Ruby Hill Gold Mine near Eureka and Homestake Mining Co.'s Bald Mountain Gold Mine near the Ruby Lake National Wildlife Refuge.
The three agreed to pay a total of $278,000 in fines and spend an additional $340,000 on an environmentally beneficial project as part of a settlement for allegedly under estimating reports of their toxic release inventory required under the federal Emergency Planning and Community Right-to-Know Act, EPA officials said.
"Cyanide, lead and mercury used at these mines have the potential to pose a health threat," said Jared Blumenfeld, EPA's regional administrator for the Pacific Southwest Region based in San Francisco. "We insist on accurate reporting of chemical releases so that citizens have a clear idea of the risk from the facilities near their communities," he said. He added there is no evidence to suggest that the violations posed any immediate danger to workers at the facilities or neighboring communities. The supplemental project will be conducted at the Cortez mine to identify the metal compounds formed in its oxide mill process and test methods to verify the quantities of new chemical compounds manufactured during the process. The companies also agreed to perform audits at all other U.S. mining operations Barrick owns in Nevada and Montana, determine if any reporting violations occurred and if so pay a $10,000 penalty per violation up to a total of $250,000 Barrick officials said EPA disputed fewer than 40 of the 330 related reports the companies filed during the time period.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV