MATTER OF HOMESTAKE MIN. CO.

Nos. 17262, 17271.

472 N.W.2d 766 (1991)

In the Matter of the Application to Transfer Mining Permit No. 416 from HOMESTAKE MINING COMPANY to Minerva Explorations, Inc.

Supreme Court of South Dakota.

Decided June 26, 1991.


Attorney(s) appearing for the Case

Roger A. Tellinghuisen, Atty. Gen., Wade A. Hubbard, Asst. Atty. Gen., Pierre, Lawrence L. Piersol, Sioux Falls, for appellant.

Marvin D. Truhe, Rapid City, for appellee.


WUEST, Justice.

In November 1984, Homestake obtained Mining Permit No. 416 to mine precious metals (e.g. gold) at a site known as the Ragged Top Project near Spearfish Canyon in Lawrence County, South Dakota. Homestake posted a surety bond in the amount of $661,800 to cover the cost of reclamation after anticipated mining activities at the site were completed. Homestake estimated its mining operations would be completed by 1988 or 1989.

Homestake conducted...

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