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A Nova Scotia subsidiary of Australia’s St Barbara is scrambling to pay off a C$79.9 million cleanup bill by next Tuesday for its closed Touquoy gold mine.
“If we are compelled to pay the bond, we will need to seek financial assistance from St Barbara and arrange funding accordingly,” Atlantic Mining CEO Andrew Strelein toldby phone this week. “Our goal is to engage in constructive dialogue with the government to establish practical guidelines and a feasible timeline for reclamation.”
“Ecology Action Centre is concerned that the company will not meet any standards required of them, given their track record,” the centre’s Karen McKendry said in an emailed reply to questions. “There is also an outstanding condition of the mine’s environmental assessment approval from 2008 that has not been met yet – that the company will provide funds to the province to protect land near the mine for nature conservation purposes.
“The conditions imposed by the minister of environment are not only unrealistic but could potentially undermine the entire remediation process,” Strelein said. “It’s challenging to understand how we are expected to cooperate under these circumstances.”.The reclamation approval issued in March includes deadlines extending to 2028 and stringent water quality monitoring requirements. Atlantic Mining claims these terms are not only impractical but also ignore the site’s historical context.
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