One of the only U.S. chemical companies mining titanium has reached an agreement not to do business with the company to establish a titanium mine next to the Okefenokee Swamp “for the foreseeable future”, according to a statement from press from the investment company who asked for the pledge.
Chemours, a company that spun off from Dupont and is one of the only licensed titanium miners in the United States, has agreed not to do business with Twin Pines Management, LLC, the Alabama company that applied for permits to open a titanium mine next to the federal government. protected Okefenokee Swamp in southern Georgia. Chemours said his “foreseeable future” is around five to ten years.
“With respect to the mining activities of others, particularly Twin Pines, Chemours has no role in the proposed Twin Pines project in Charlton County, Georgia,” a statement from Chemours said. “We have no prior, existing or future interests to acquire, and no plans or intentions to acquire, the project or the business.
The reiterated pledge comes months after Green Century Capital Management, an investment firm, filed a shareholder resolution against Chemours seeking such an agreement.
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Twin Pines CEO Steve Ingle said his company never considered doing business with Chemours.
“We are not accountable to the shareholders of a Pennsylvania-based mutual fund, we are accountable to the Georgia Division of Environmental Protection,” he wrote in an emailed statement. . “We have no affiliation with Chemours and have never been approached to sell the mine to them.”
From November 2021:Lawyers ask Chemours to swear never to mine titanium near Okefenokee Swamp
Related reports:Senator Ossoff Calls on EPA and Army Corps to Stop Titanium Mine Near Okefenokee Swamp
Environmental activists said the deal is a blow to Twin Pines’ plans for land adjacent to the swamp.
“Chemours’ decision to disavow any interest in the Twin Pines project sends an important signal that the industry-leading company is declaring titanium mining next to the refuge a failure,” said Thomas Peterson, attorney for Green’s shareholders. Century.
Ingle said Twin Pines would still have a market for titanium — used in everyday products, aerospace manufacturing and metal alloys — without Chemours’ involvement.
“We have many customers to whom we have supplied minerals in the past and we look forward to doing business with them when the time comes,” Ingles’ statement said. “We also look forward to protecting the Okefenokee using highly advanced and responsible mining methods and providing hundreds of well-paying jobs for the people of Charlton County and South Georgia.”
Twin Pines is awaiting approval from the state of Georgia for permits, but the company has faced widespread public and political opposition to the project.
The Okefenokee Swamp comprises 438,000 acres of peat-filled wetlands and swamps that serve as the economic and environmental center for the state, attracting approximately 700,000 visitors annually and serving as a natural storage for carbon and water.
In November, a group of 43 scientists from across Georgia wrote an open letter outlining several environmental, economic, and recreational impacts the mine could have on land in and around the swamp, including using enough water per day to hydrate a city of 19,000 people.
“It is important to note that the majority of established research supports claims that mining near the swamp has a high probability of causing permanent damage to the swamp and surrounding areas,” reads the letter dated 30 November.
The following month, Senator Jon Ossoff asked the Army Corps of Engineers and the Environmental Protection Agency to reconsider decisions that paved the way for Twin Pines to operate near the swamp.
Zoe covers growth and its impact on communities in the Savannah area. Find her at [email protected], @zoenicholson_ on Twitter and @zoenicholsonreporter on Instagram.