Romarco Receives Last Major Permit for Haile Gold Project

Romarco Minerals Inc. (TSX:R) announced that the South Carolina Department of Health and Environmental Control has issued a mine operating permit for the company’s Haile gold mine project. Haile has now received all its major permits.

As quoted in the press release:

The Mine Operating Permit is required to allow Haile to conduct mining, milling and reclamation activities at the project. Under the permit, SCDHEC requires controls for safety and environmental protection, with monitoring and reporting during operations. Before the start of mining activities the Company will provide a bond of approximately $30 million for reclaiming and restoring the land when mining ceases. The permit requires that additional security of approximately$30 million be provided over the life of the mine for a total financial security commitment of $60 million.

Diane Garrett, president and CEO of Romarco, commented:

The Mine Operating Permit is the final environmental permit required for the Haile project to commence mining operations, and we are extremely excited to have all necessary permits to break ground.

Click here to read the full Romarco Minerals Inc. (TSX:R) press release.