Novadx Provides Update on Further Appeal Launched by Environmental Group
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2011) -
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Novadx Ventures Corp., President & CEO, Neil MacDonald, reports:
Novadx Ventures Corp. (TSX VENTURE:NDX) ("Novadx" or the "Company") and its wholly-owned subsidiary, MCoal Corporation ("MCoal") announce the Southern Environmental Law Center ("SELC"), on behalf of the Black Warrior River Keepers, Inc. and Friends of the Locust Fork, Inc. (the "Appellants"), has filed a further appeal with the Alabama Court of Civil Appeals contesting the Alabama Department of Environmental Management's ("ADEM") 2009 issuance of National Pollutant Discharge Elimination System ("NPDES") Permit No. AL0080080 (the "Permit") to MCoal, for operation of its Rosa mine, in Blount County, Alabama.
As previously disclosed in the Company's news releases dated July 2, 2010, October 7, 2010 and December 16, 2010, the Appellants have commenced actions to contest the issuance of the Permit on two prior occasions without success.
On November 20, 2009, the Appellants filed a petition for a hearing to contest ADEM's action with the Alabama Environmental Management Commission ("AEMC") alleging ADEM had not followed proper rules and procedures in issuance of the Permit. MCoal voluntarily joined ADEM in its defense of this action. On June 25, 2010, the AEMC, by unanimous decision of the Commissioners, adopted the recommendation of its Administrative Law Judge and ruled in favor of ADEM's actions, affirming the Permit was validly issued.
On July 23, 2010, the Appellants filed an appeal of the decision of the AEMC to the Circuit Court for Montgomery County, Alabama. MCoal voluntarily joined ADEM in its defense of this action. On December 8, 2010, Circuit Court Judge Charles Price ruled in favor of ADEM, affirming the AEMC's decision that the Permit was validly issued.
Neil MacDonald commented, "This appeal is without merit, particularly considering that the Circuit Court Judge, Environmental Management Commission, Administrative Law Judge, and ADEM have all reviewed this Permit and have all concluded the Permit was lawfully issued by ADEM. This action by the Appellants does not impact the validity of the Permit under AEMC's regulations, and operations at the Rosa Mine will continue as planned."
About Novadx: Novadx is a Vancouver-based Investment Company whose primary focus is on providing merchant banking services to natural resource companies. Novadx structures and makes direct equity investments as a principal and provides management and other related services to companies in specific resource sectors, such as MCoal Corporation, a subsidiary company that has commenced production from the Rosa mine, a metallurgical coal mine in the State of Alabama, USA.
For more information please visit [ www.novadx.com ].
About MCoal: MCoal Corporation, a wholly-owned subsidiary of Novadx Ventures Corp., operates the Rosa metallurgical coal mine in Northern Alabama and is bringing the Rex No. 1 mine into production this year. MCoal is actively increasing its reserves and production through the evaluation and acquisition of high quality coal assets in the Appalachia coal region.
ON BEHALF OF THE BOARD
Neil MacDonald, President and CEO and Director
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