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Athabasca receives approval for Susan Lake public pit closure plan

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Athabasca receives approval for Susan Lake public pit closure plan

Athabasca Minerals Inc. said Oct. 2 that Alberta Environment and Parks has approved the company's Susan Lake public pit closure plan on Aug. 15, and that the company has executed a settlement agreement with Syncrude Canada Ltd., effective Sept. 26.

The closure plan includes the discontinuance of surface mineral lease 980110 associated with the Susan Lake public pit, the transfer of custody of the portion of lands overlapping with mineral surface leases to neighboring oilsands operators in the area, and a reclamation program for the remaining non-overlapping lands.

The settlement agreement, meanwhile, meant that both companies will file discontinuances of the claim and counterclaim by Athabasca and Syncrude, respectively.