Paladin Energy aims to crack uranium big league with Canadian takeover
Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project.
An Idaho court has ordered Canadian Atlanta Gold Corp (TSX:ATG) to pay a bulky $2 million fine for its continuing failure to stop arsenic and iron from flowing into a tributary of the Boise River system.
The ruling also orders the gold junior to implement measures to comply with clean water laws since the project is located in an area of historic mining dating from the 1860s, said the company in a statement.
The latest court decision represents another loss for Atlanta Gold Corp., which is pursuing gold extraction from the Idaho mountains. Earlier this year the Toronto-based junior was found legally responsible for high concentrations of pollutants flowing from an old mine shaft in January this year by U.S. Magistrate Judge Mikel H. Williams.
The company has been exploring for gold in the proximities of the historic mining town of Atlanta for over 25 years.
