-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JO9I0APkF9fwErFkKKAKEZn1lW/vpTCIjEFdp25PGzDISeWvPsue7khkaQINioFQ vgJHVfhHfHZmeOJwKe+Qkw== 0000927356-97-000209.txt : 19970313 0000927356-97-000209.hdr.sgml : 19970313 ACCESSION NUMBER: 0000927356-97-000209 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970312 ITEM INFORMATION: Other events FILED AS OF DATE: 19970312 SROS: AMEX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLAS CORP CENTRAL INDEX KEY: 0000008302 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 135503312 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02714 FILM NUMBER: 97554965 BUSINESS ADDRESS: STREET 1: 370 SEVENTEENTH ST STREET 2: STE 3150 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3038251200 MAIL ADDRESS: STREET 1: 370 SEVENTEENTH STREET STREET 2: STE 3150 CITY: DENVER STATE: CO ZIP: 80202 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: March 12, 1997 Date of earliest event reported: March 11,1997 ATLAS CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 1-2714 13-5503312 (State of (Commission (IRS Employer Incorporation) File Number) Identification No.) 370 SEVENTEENTH STREET, SUITE 3050 DENVER, COLORADO 80202 (Address of principal executive offices) (303) 629-2440 (Registrant's telephone number, including area code) Page 1 of 6 ITEM 5. OTHER EVENTS The news release dated March 11, 1997 a copy of which is attached as Exhibit 1 hereto, is incorporated herein by reference and made a part hereof. Page 2 of 6 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATLAS CORPORATION Date: March 11, 1997 By: /s/ James R. Jensen ------------------------ James R. Jensen Treasurer and Controller Page 3 of 6 EX-99 2 NEWS RELEASE DATED MARCH 11, 1997 EXHIBIT INDEX Exhibit No. Description Page No. - ----------- ----------- -------- 99 News Release dated March 11, 1997 5 Page 4 of 6 EXHIBIT 99 ---------- ATLAS CORPORATION NEWS RELEASE ---------------------------------- 370 SEVENTEENTH STREET, SUITE 3050 NYSE: AZ DENVER, CO 80202 ATLAS RECEIVES FAVORABLE DECISION FROM THE NUCLEAR REGULATORY COMMISSION _________________________________ DENVER, COLORADO - MARCH 11, 1997 - ATLAS CORPORATION announced today receipt from the Nuclear Regulatory Commission (the "NRC") of the final Technical Evaluation Report on Atlas's proposed reclamation plan for its uranium mill site located near Moab, Utah. This Report concludes that Atlas's proposed plan meets the requirements identified in Nuclear Regulatory Commission regulations and will ultimately allow Atlas to relinquish its responsibility for the site. The uranium mill, which operated from 1956 until 1984, was purchased by Atlas in 1962. Atlas completed demolition and disposal of the mill facilities in 1996. Under Atlas's proposed plan to cap the mill tailings pile in place, the pile will be recontoured and covered with earthen material and rock to control radon emanations and prevent erosion. Atlas estimates the remaining cost to fulfill the plan to be $13 - $15 million of which Atlas's net share will be 44%. Alternative plans for off-site reclamation had been estimated to cost nearly $200 million. With respect to the Moab site, the 1992 Comprehensive National Energy Policy Act provides for reimbursement to Atlas by the federal government of 56% of past and future reclamation-related expenses. Atlas has submitted claims for reimbursement of $6.8 million, of which $3.3 million has been received to date. It is anticipated that these outstanding reimbursements, when combined with funds already provided by Atlas and which secure Atlas's future reclamation obligations, will adequately cover Atlas's share of the costs remaining to conclude the decommissioning and reclamation process. Atlas filed its original reclamation plan in 1988. The plan was revised in 1992 in response to changes in the NRC's technical guidance. After issuing a notice permitting the reclamation plan to proceed in July 1993, the NRC withdrew its approval and initiated a full environmental review in March 1994. The NRC issued a draft version of the final Technical Evaluation Report and a draft Environmental Impact Statement for public comment in January 1996. The Page 5 of 6 EXHIBIT 99 ---------- final Report reflects consideration of these public comments, Atlas's response to all the issues identified in the preliminary Report and additional Nuclear Regulatory Commission staff analysis. Atlas's Vice President for Environmental and Governmental Affairs, Richard Blubaugh, stated, "This is a major step forward for Atlas. Completion of the final Environmental Impact Statement is the last step remaining in this process towards achieving final approval of the on-site disposal plan. Atlas currently expects to receive this final approval by this summer, with construction commencing in 1998." Atlas Corporation is an international diversified mining company with gold development and exploration projects in North America and lead, zinc and silver production in Bolivia, South America. The Company's publicly traded 65%-owned subsidiary Cornerstone Industrial Minerals Corporation produces the industrial mineral perlite from its Oregon facility. FOR FURTHER INFORMATION PLEASE CONTACT: Richard Blubaugh Leslie Young Vice President Environmental/Governmental Affairs Director, Investor Relations Phone: 303-629-2436 Phone: 303-629-2435 Page 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----