Asarco Settles Some Of Its Environmental Disputes

Law360, New York (November 28, 2007, 12:00 AM EST) -- A court on Tuesday approved four settlements between bankrupt copper-mining company Asarco, the U.S. government and the state of Washington, under which the company will allow general unsecured claims of over $23 million to pay for environmental damage at several mining sites.

On Wednesday, Asarco asked the court to approve another agreement with the Quapaw Tribe of Oklahoma, which would grant the tribe a general unsecured claim of $11.5 million to settle claims of destruction of resources, trespassing and public nuisance connected to mining operations on...
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