Washington, DC – February 19, 2016 – (RealEstateRama) — Colorado U.S. Senator Michael Bennet issued the following statement on the announcement that Freeport-McMoRan, through a subsidiary, has acquired the water treatment facility that treats the water that is released into Coal Creek and runs into Crested Butte. Freeport-McMoRan also has acquired the mining claims and mineral deposits on Mt. Emmons. The agreement was enshrined in a Memorandum of Understanding for Mt. Emmons, which has been signed by Crested Butte, Gunnison County, the State of Colorado, and Freeport-McMoRan.
“This agreement is a tremendous step forward for the community. It will help ensure the long-term stability of the water treatment facility and the future status of Mt. Emmons. The agreement would not have been possible without the diligent work of Crested Butte, Gunnison County, the state of Colorado, and Freeport-McMoRan.
“Freeport-McMoRan’s work ensures that water treatment of the acid mine drainage into Coal Creek will continue without interruption. The agreement also recognizes the community’s concerns about their future water supply and economy. Mt. Emmons is not an appropriate location for new mining activity, and this agreement moves us toward a final resolution of this issue.”