Loading ...TORONTO (miningweekly.com) – South Carolina-focused project developer Romarco Minerals has reached an agreement with environmental activist group the Sierra Club regarding the final critical mine operating permit needed for its flagship $333-million Haile gold project, which was issued last year by the South Carolina Department of Health and Environmental Control (SCDHEC).
Romarco said after market close on Thursday it had agreed to increase its environmental bonding for reclamation purposes by $5-million to $65-million over the life of the mine.
In return, the Sierra Club would not appeal the December ruling by the SCDHEC that had dismissed the Sierra Club’s request for review of the permit.
The activist group had also agreed not to launch a lawsuit or file a claim against the Haile project, as it was currently allowed.
The Sierra Club had filed its request for review on the last day of the public comment period.
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