Revett Minerals, Inc. (OTC:RVMIF, TSX:RFM) has announced that it has tentatively resolved the Ivins lawsuit. The lawsuit was in regards to the fatal accident at the Troy Mine in July 2007. The lawsuit was tentatively resolved by settlement between the plaintiffs and the company’s insurance company and is currently awaiting court approval.
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Revett Minerals owns and operates the Troy mine. It is also in the development stage at the Rock Creek Project in northwestern Montana. The Troy and Rock Creek properties are owned through the company’s wholly owned Montana subsidiaries, Genesis, Inc. and RD Resources, Inc respectively.
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