This is a very important precedent setting case for mining around the Juneau, Alaska area. I think it had to do with where tailings should be deposited. Century has a number of good potential properties around the Juneau area. Although Century will not be doing anything in Alaska anytime in the near future, this case ruling provides greater mining certainty for our Alaskan properties, thus providing Century's management with more organic growth options in attempting to build the company into a larger player in the long-term.
Here is the article:
US court rules for Coeur on Alaska mine permit
Mon Jun 22, 2009 10:08am EDT
WASHINGTON, June 22 (Reuters) - The U.S. Supreme Court ruled on Monday for Coeur d'Alene Mines Corp (CDE.N) by upholding a government permit that will allow the company's Alaska gold mine to deposit rock waste into a lake on federal land.
By a 5-4 vote in a closely watched environmental case, the justices overturned a U.S. appeals court's ruling that had invalidated the permit for Coeur's underground Kensington Gold Mine northwest of Juneau.
In 2005, the U.S. Army Corps of Engineers granted the company's Alaska unit a permit to put 4.5 million tons of rock waste, or mine tailings, into the lake over a decade. (Reporting by James Vicini, Editing by Gerald E. McCormick)
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