8-6-13 9:15 AM EDT | Email Article

TRADING SYMBOL: TSX: R

TORONTO, Aug. 6, 2013 /PRNewswire/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") is pleased to announce that the US Army Corps of Engineers ("Corps") has published its Draft Preliminary Report Alternatives Development and Evaluation (the "Report") on its www.hailegoldmineeis.com website.  The alternatives evaluation is a key milestone in the Haile Gold Mine Environmental Impact Statement ("EIS") process.

To comply with the National Environmental Policy Act ("NEPA"), the Corps' alternatives evaluation must include the Company's proposed project, the No Action Alternative, and a range of other reasonable alternatives to the proposed project. The range of reasonable alternatives considered in the Report includes: alternative sites, alternative project configurations, alternative technologies, and alternative project sizes.

The Report indicates that after a thorough review of a range of alternatives for the Haile Gold Mine project (the "Project") in preparation of the EIS, several reasonable alternatives have been eliminated and the Report indicates only three remaining alternatives will be moved forward and evaluated in the Draft EIS.  The Corps has scheduled its publication of the Draft EIS for March 2014.

The Project as proposed and the No Action alternative must be evaluated under NEPA in the Draft EIS.  The third alternative that is being considered for evaluation in the Draft EIS is the proposed Project with modifications.

This alternative is a variation of the proposed Project with two tailings borrow areas also being used as overburden storage areas, which would allow some of the planned overburden storage areas to be reduced in size, and other adjustments to the Project to avoid and minimize impacts.

The Company plans to work with the Corps as it completes the detailed evaluation of these alternatives in the Draft EIS.

The Corps reviewed and analyzed a number of various alternatives consistent with NEPA / EIS process and found them not to be reasonable or practicable alternatives.  The Report is available in its entirety at the Corps' Haile EIS website: www.hailegoldmineeis.com

Diane Garrett, President & CEO commented: "The alternatives evaluation is a very important step towards completing the Draft EIS.  After a very exhaustive examination, the Corps has narrowed the range of alternatives for the EIS.  We are pleased that the Corps will focus the remaining work in the EIS on these three alternatives."

A community meeting will be held in Kershaw, SC on August 20, 2013 where participants will have the opportunity to see a presentation of the proposed mine plan, the EIS schedule and other project milestones; discuss the alternatives evaluation for the project and the proposed mitigation plan; and, receive an update on groundwater modeling efforts. 

The Corps' permit (pursuant to Section 404 of the Clean Water Act) is the only Federal permit Romarco requires for the Haile project. The Company has filed applications for several of the required state regulated permits including its State Mine Operating permit, National Pollutant Discharge Elimination System permit, 401 Water Quality Certification, Air Quality permit, and Dam Safety permit for the proposed tailing storage facility.  The South Carolina Department of Health and Environmental Control ("SCDHEC") is the regulatory agency responsible for reviewing and issuing state permits.

About Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility study and is continuing permitting for its flagship project, the Haile Gold Mine in South Carolina.

SOURCE ROMARCO MINERALS INC.

Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/8/6 - Romarco receives Draft Preliminary Report Alternatives Development and Evalution
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: Romarco permit update: Draft Environmental Impact Statement publication date  |  Next: Romarco Receives Three Key State Permits for Haile