International Coal Group (ICO) Settles Section 404 Permit Lawsuit
International Coal Group, Inc. (NYSE: ICO) today announced that it has reached a settlement with the Kentucky Waterways Alliance and The Sierra Club in connection with a lawsuit over the Clean Water Act Section 404 permit that was granted by the Army Corps of Engineers in 2008 to ICG Hazard's Thunder Ridge surface mine in Leslie County, Kentucky.
Under the settlement, ICG Hazard will be allowed to construct the fourth and final valley fill at the Thunder Ridge surface mine. In addition, the company has agreed to plant native hardwood trees on an additional 150 acres of mined land and contribute $50,000 to the Kentucky Fish and Wildlife Foundation. Those funds will be used for stream improvement work in the Middle Fork Kentucky River watershed.
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