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<br />L<J:j>an<1</l:P <.jj?mme"ID--' <br /> <br />1- a.~~ 10 Vi.t..V <br /> <br />He suggested that the company adopt an <br />"environmental policy" with goals and objectives, <br />according to minutes of the meeting. Galactic also <br />could offer to clean up the acid coming from the old <br />mines as a gesture of good faith to increasingly <br />concerned state regulators, Massey said. <br /> <br />Two years later, on Aug. 24, 1992, Massey made <br />similar suggestions in a letter to Charles Russell, a <br />Galactic executive and board member. <br /> <br />This time, it wasn't state regulators Massey hoped <br />to impress. Having a corporate environmental <br />policy "may be essential to the establishment of a <br />defense of due diligence in the event of prosecution <br />of Galactic's corporate directors or officers," he <br />wrote. <br /> <br />That same month, Galactic signed an agreement <br />with the state to clean up the site, at a cost of $25 <br />million. <br /> <br />But according to depositions, Galactic executives, <br />who had been selling the company's assets since <br />the previous January in a frantic effort to raise <br />money for the cleanup, knew the agreement was <br />doomed even as they signed it. <br /> <br />Colorado calls for EPA help <br /> <br />By mid-December 1992, the liquid was lapping the <br />top of the dike - 170 million gallons of water <br />contaminated with cyanide and heavy metal. <br /> <br />Galactic had put its Summitville subsidiary into <br />bankruptcy on Dec. 4, abandoning the mine to the <br />state. The parent company declared bankruptcy a <br />month later under Canadian law. <br /> <br />Colorado officials summoned the Environmental <br />Protection Agency. <br /> <br />Water was still running through Galactic's diggings <br />and into the old mines, pouring acid and metals into <br />Wightman Fork. <br /> <br />http://www.denver-rmn.com/news/0507 smmt I.shtml <br /> <br /> <br />517100 <br />