Last Updated :
31 May 2009 at 16:40 IST
Hecla Mining sued by EPA on Water Act
Commodity Online
Hecla Mining Co. (NYSE:HL) has been convicted on not complying with its National Pollutant Discharge Elimination System wastewater permit and is fined US$177,500 by EPA Office of Compliance and Enforcement (U.S.A).
Hecla Mining Co. is a provider of precious and base metals to the United States economy and worldwide.
Hecla’s silver, lead & zinc mine crossed permit limits for lead, zinc, cadmium and total suspended solids throughout September 2008 and February 2009 while discharges from its facilities went to South Fork Coeur d’Alene River.
The Environmental Protection Agency or EPA has also set an administrative order to HL whereby it is directed to improve Lucky Friday wastewater treatment system as well be fully compliant with its permit by 1st June 2009.
Analysts recommend to ‘Hold’ while HL gained 7.23% at New York Stock Exchange and closed at 3.74 on Friday. It touched a 52-week high of 10 and low of 0.99.
MCX Silver 05 September 2012
contract was trading at
Rs 56922 . What's your view on it?
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