Hecla Settles Idaho Superfund Suit For $263M

Law360, New York (June 13, 2011, 3:53 PM EDT) -- Hecla Mining Co. agreed Monday to pay more than $263 million to resolve long-standing claims that waste from its mining operations destroyed natural resources along an Idaho river, bringing to a close one of the nation’s largest Superfund cases.

Hecla will shell out $263.4 million plus interest to the U.S., the Coeur d’Alene Indian Tribe and Idaho to cover the extensive cleanup and remediation of the Bunker Hill Mining and Metallurgical Complex and contamination in the Coeur d’Alene River, according to a consent decree.

The Coeur...
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