"Coeur is now confident the environmental review process can be completed in 2008, allowing Kensington to be brought into production in 2009," said Chairman Dennis E. Wheeler, president and chief executive officer of Coeur.
The draft Supplemental Information Report (SIR) prepared by the Forest Service supported the technical soundness of the paste tailings plan. The site selected for constructing the paste tailings facility in the Modified Plan of Operation is the same site as was studied for locating the dry tailings facility earlier, but is smaller and involves less area disturbance. It also requires less energy than the dry tailings facility. A Supplemental Environmental Impact Statement was prepared for a dry tailings facility at the same site in 1997.
In a separate press release issued last week, the Southeast Alaska Conservation Council indicated their support for the paste tailings plan as a preferred alternative over the dry tailings facility. Coeur and SEACC collaborated in developing the new plan. The plan, supported by over 900 studies, includes an environmental monitoring component and extensive reclamation requirements.