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Mosquito Consolidated Gold Mines Limited V.MSQ



TSXV:MSQ - Post by User

Post by halcrowon Jul 23, 2012 2:11pm
221 Views
Post# 20143149

Court decision

Court decision

Partial penalty of $2 million...to be paid by October 31, 2012. This is the same group that is going after the US Forest Service over the CUMO permits (and MSQ inserted itself as an intervener.)

Accordingly, the Court will order as follows with respect to civil penalties. First, it will impose at this time a partial penalty of $2,000,000, to be paid on or before October 31, 2012.

Consistent with the goal of deterrence, this figure is significantly, but not extravagantly, greater than the 1.4 million dollar number that the Court has deemed to represent the economic benefit realized by AGC as a result of its non-compliance. This figure represents the minimum penalty that the Court will impose in this case. It also represents less than three percent of the total amount authorized under 33 U.S.C. § 1319(d), which as of May 31, 2012, was $75,150,500.

https://www.advocateswest.org/sites/default/files/case/Atlanta%20Gold/files/Atlanta%20Gold%20remedies%20decision.pdf

Atlanta Gold fined $2-million for water pollution

2012-07-20 17:06 ET - News Release

Mr. William Simmons reports

ATLANTA GOLD RECEIVES CLEAN WATER ACT JUDGMENT

The company's chief executive officer, William Ernest Simmons, commented: "The court has rendered a decision, and AGC intends to honour its ruling, comply with its direction and pay the imposed fine. We appreciate that the court recognized that the existing pilot water treatment facility removes a significant amount of toxic materials from the adit waters. With the penalty-phase defined, the company will commence improvements to the Pwtf to meet compliance with the Clean Water Act, to initiate final closure and remediation of the adit, and to develop the Atlanta project, subject to approval of the U.S. Forest Service," commented Mr. Simmons.

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