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Governor Parnell Lauds Kensington Decision

ANCHORAGE, Alaska - Governor Sean Parnell today welcomed the news that the U.S. Army Corps of Engineers has granted a modified permit for the Kensington Mine.

"The Corps made the right call," Governor Parnell said. "They recognized that this project has been approved through the right processes, and there's no reason for further delay."

The U.S. Supreme Court ruled in June that Coeur Alaska had a valid 404 permit from the Corps to dispose of tailings from the mine in Lower Slate Lake. The Corps then called for public comment on extending the time for construction of the mine. Governor Parnell and Alaska's U.S. Senators argued against any further delay.

Last month, Governor Parnell urged the Corps to follow the U.S. Supreme Court's ruling that validated the Corps' Section 404 fill permit for the Kensington Mine and to approve the permit so the project can proceed.

Kensington is a major gold project about 45 miles northwest of Juneau. It holds an estimated 1.5 million ounces of gold. The mine has been under construction since 2005. Coeur has invested more than $300 million. During construction, the mine provided jobs for some 400 Alaskans. Once the mine is in full operation, it will employ approximately 200 workers.

August 14, 2009

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