Battle Mountain Gold Receives Adverse Water-Rights/Water-Quality Ruling on Crown Jewel Mine.Business Editors & Mining Writers HOUSTON--(BUSINESS WIRE)--Jan. 19, 2000 Battle Mountain Gold Co. (NYSE NYSE See: New York Stock Exchange :BMG) (ToSE:BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. ) today said that the Washington Pollution Control Hearings Board (PCHB PCHB Pollution Control Hearings Board PCHB Pre-Charge Half-Buffer ) has granted appeals brought by opposition to the Crown Jewel project regarding water rights and 401 water-quality certification for the Crown Jewel mine. The ruling reverses the reports of examination for the water rights and vacates the 401 certification, which were issued by the Washington Department of Ecology The Washington Department of Ecology, or simply, Ecology, is an environmental regulatory agency for the State of Washington. The department administers laws and regulations pertaining to the areas of water quality, water rights and water resources, shoreline management, (WDOE). BMG President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. John A. Keyes said that the company is outraged by the PCHB ruling, adding that it is particularly disappointing that the PCHB has chosen to ignore the many years of work and technical study conducted by the WDOE and its consultants, which found the project to meet all necessary criteria. As the director of the WDOE stated with respect to Crown Jewel, "No other proposal has received this level of environmental scrutiny." Keyes noted that the decision is appealable and that the company is currently reviewing its options. The U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor" for certain forward-looking statements. Operating, exploration and financial data, and other statements in this document are based on information that the company believes reasonable, but involve significant uncertainties as to future gold prices, costs, ore grades, mining and processing conditions, and regulatory and permitting matters. Actual results and timetables could vary significantly from the estimates presented. Also refer to the cautionary statement contained in the company's Form 10-K and 10-Q for the most recent reporting periods. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion