Friday, October 29, 2010

CopperCo and Lady Annie Mine: Environmental Remediation Program Successful

 

The Receivers and Managers of CopperCo Limited (In Liquidation) (Receivers and Managers Appointed) (ASX: CUO) are pleased to report that a program of remedial work at the Saga and Inca creeks near the Lady Annie operations in Queensland is complete, and that water in the creeks is again fit for livestock consumption.

 

Queensland’s Department of Environment and Resource Management (DERM) issued Environmental Protection Orders on CopperCo and its subsidiary company, Lady Annie Operations following discharge from the Lady Annie mine site as a result of widespread flooding in northern Queensland in January and February 2009.

 

The Receivers appointed infrastructure and environmental consultancy firm Parsons Brinckerhoff to carry out the program of remedial work and have worked closely with DERM and the affected community to successfully satisfy all the requirements of the Environmental Protection Orders.

 

Some $10 million has been invested in the remedial program to-date, and the Receivers and DERM are in agreement that water in the affected Saga and Inca creeks is now fit for livestock consumption.

 

Extensive remedial work has also been carried out onsite at the Lady Annie Operations including the construction of an upgraded stormwater drainage system designed to redirect run-off during heavy flooding events to prevent reoccurrence of the 2009 incident.

 

The Receivers are continuing to work closely with DERM and will commission final testing of the waterway after the coming wet season which is expected will see a repeat of the natural flushing effect evidenced in the 2009 wet season.

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