US Environmental Protection Agency announced that the United States District Court in New Mexico approved a consent decree settlement between EPA, the Justice Department, the Department of Interior, the Department of Agriculture, the State of Colorado and Sunnyside Gold Corporation and its Canadian parent company Kinross Gold Corporation regarding the Bonita Peak Mining District Superfund Site. EPA and the Justice Department previously announced the details of the proposed settlement on January 21, which was subject to public review and comment prior to being finalized nowThe settlement provides additional funding for the continued cleanup of mining-related contamination within the Upper Animas Watershed and will protect public health and the environment by improving water quality, stabilizing mine source areas, and minimizing releases of contaminants. The settlement also resolves certain federal liability related to the Site, which includes the Gold King Mine and other abandoned mines near Silverton, Colorado.Under the agreement, Sunnyside and Kinross will pay $40,950,000 to the United States and $4,050,000 to the Colorado Department of Public Health and the Environment. All money recovered by the United States will be placed in a special EPA account and used to fund future cleanup actions at the Site. The United States will also contribute $45,000,000 to the ongoing cleanup of the Site.Under the agreement, Sunnyside is also relieved of its obligation to conduct investigation work at the Site, which will be taken over by EPA. Finally, the agreement grants the United States, the State of Colorado and other parties access to property owned by Sunnyside for the purpose of conducting future cleanup actions. Resolution of these issues frees time and resources devoted to litigation and enables EPA, the State of Colorado, and partners to move forward and focus on the investigation and cleanup of the Site.
US Environmental Protection Agency announced that the United States District Court in New Mexico approved a consent decree settlement between EPA, the Justice Department, the Department of Interior, the Department of Agriculture, the State of Colorado and Sunnyside Gold Corporation and its Canadian parent company Kinross Gold Corporation regarding the Bonita Peak Mining District Superfund Site. EPA and the Justice Department previously announced the details of the proposed settlement on January 21, which was subject to public review and comment prior to being finalized nowThe settlement provides additional funding for the continued cleanup of mining-related contamination within the Upper Animas Watershed and will protect public health and the environment by improving water quality, stabilizing mine source areas, and minimizing releases of contaminants. The settlement also resolves certain federal liability related to the Site, which includes the Gold King Mine and other abandoned mines near Silverton, Colorado.Under the agreement, Sunnyside and Kinross will pay $40,950,000 to the United States and $4,050,000 to the Colorado Department of Public Health and the Environment. All money recovered by the United States will be placed in a special EPA account and used to fund future cleanup actions at the Site. The United States will also contribute $45,000,000 to the ongoing cleanup of the Site.Under the agreement, Sunnyside is also relieved of its obligation to conduct investigation work at the Site, which will be taken over by EPA. Finally, the agreement grants the United States, the State of Colorado and other parties access to property owned by Sunnyside for the purpose of conducting future cleanup actions. Resolution of these issues frees time and resources devoted to litigation and enables EPA, the State of Colorado, and partners to move forward and focus on the investigation and cleanup of the Site.
