Asarco Wants EPA To Return $1.2M Cleanup Trust

By Jocelyn Allison

Law360, New York (March 19, 2010, 6:04 PM ET) -- Asarco Inc. has objected to the U.S. Environmental Protection Agency's decision to keep about $1.2 million in financial assurance funds the company claims it should get back as a result of a massive environmental settlement in Montana.

The copper miner asked the U.S. District Court for the District of Montana on March 5 to terminate the Corrective Action Management Unit Trust and return the remaining funds to Asarco, which put up the money as a financial guarantee for certain cleanup work at its former smelting site...
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