Newmont sells Éléonore mine in Quebec for $795m
The miner said the deal and other 2024 sales will raise $3.6 billion.
Canadian authorities revealed on Sunday plans for the final portion of clean-up in the province of Nova Scotia, which will see $17 million spent on a park, sports field and an outdoor stage and amphitheater as part of a project to revitalize an area where a former steel mill left behind contaminated soil.
The Sydney tar ponds and coke ovens remediation project will also include walking trails with bridges in the area formerly exposed to waste runoff from coke ovens. These were built in the nineteenth century and operated for over a century, which left a toxic legacy.
In 2007, the federal government and the province committed $400 million to guarantee the remediation of several former Sydney steel plant properties. They expect to complete all related work by the spring of 2014.
The tar ponds and the former Sydney Steel coke ovens have long been considered one of Canada’s worst toxic waste sites.
Image: Former steel plant, courtesy of TarPondsCleanUp.
