Athabasca receives approval of Susan Lake Public Pit Closure Plan

Athabasca Minerals has received approval of its Susan Lake Public Pit Closure Plan by Alberta Environment & Parks and has executed a Settlement Agreement with Syncrude Canada.

Athabasca concluded aggregate operations at Susan Lake Public Pit on 31 March and then submitted an updated closure plan to Alberta Environment & Parks on 17 May. It included the discontinuance of Surface Mineral Lease 980110 associated with Susan Lake Public Pit and the transfer of custody of the portion of lands overlapping with Mineral Surface Leases to neighbouring oilsands operators in the area. The plan also covered a reclamation programme for the remaining non-overlapping lands.

In the Settlement Agreement between Athabasca and Syncrude both parties agreed to file discontinuances of the claim and counterclaim by Athabasca and Syncrude respectively per Court File # 1703-10489.

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