ASARCO parent Grupo Mexico ponies up $1.79 billion for mining cleanup

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From the Environmental News Service:

ASARCO LLC is a mining, smelting, and refining company based in Tucson, Arizona that mines and processes primarily copper. Parent corporation Grupo Mexico is providing the $1.79 billion to resolve the ASARCO’s environmental liabilities from operations that contaminated land, water and wildlife resources on federal, state, tribal and private land in 19 states. “Through this historic settlement, the American public is compensated for the damage and loss of natural resources resulting from ASARCO’s past mining, smelting and refining operations,” said Secretary of the Interior Ken Salazar. “Were it not for this agreement, these injured resources would either remain impaired for future generations or require taxpayer expenditures to achieve environmental restoration.” The money from environmental settlements in the bankruptcy will be used to pay for past and future costs incurred by federal and state agencies at the more than 80 sites contaminated by mining operations in 19 states, said federal officials…

The contaminated Superfund sites are in Arizona, Alabama, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Kansas, Missouri, Montana, Nebraska, New Jersey, New Mexico, Ohio, Oklahoma, Texas, Utah, and Washington.

More superfund coverage here.

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