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Abstract
"This is the latest in a series of selective and self-serving disclosures from Chieftain that do not provide a complete and accurate picture to potential investors," said Chris Zimmer of Rivers Without Borders. "IMC emphasized that timely completion of the access road is vital, yet there is no mention of the clear and strong opposition from the Taku River Tlingit First Nation to the road and mine. Other risks we highlighted in April such as a lack of identified smelters, high levels of contaminants in the concentrates and the cost of long-term water treatment aren't even mentioned."
"Since Chieftain has not released the full IMC report, only summarizing it in a recent press release, it's unknown if IMC identified risks that Chieftain has not disclosed or if IMC did not address the risks and uncertainties we found in our April analysis," said Zimmer. "This is a recipe for another bankruptcy and continued acid mine drainage pollution of the region's most productive salmon river."