Coeur d'Alene Says Alaska Mine Suit Dismissed

Coeur d'Alene Says Alaska Mine Suit Dismissed

PlanetArk US, NEW YORK

8th August 2006

- Coeur d'Alene Mines Corp. on Monday said a federal court in Alaska has dismissed a lawsuit challenging a mining permit issued to the company for its Kensington gold mine.

The permit had been the subject of a lawsuit filed against the US Army Corps of Engineers -- which issued the permit -- by the Sierra Club, the Southeast Alaska Conservation Council, and Lynn Canal Conservation.

In its ruling, the US District Court for the State of Alaska said: "The Corps (of Engineers) properly issued the permit to Coeur," according to a statement issued by Coeur d'Alene.

The company also said the court's decision allows construction work to continue at Kensington, where Coeur's 2006 investment is expected to total more than US$100 million and where some 300 workers are building the mine.