Freeport-McMoRan To Pay $13M Over Water Pollution

Law360, New York (January 3, 2011, 2:40 PM EST) -- Mining company Freeport-McMoRan Corp. has agreed to pay New Mexico $13 million to resolve allegations that hazardous substances from its mines ended up in groundwater in the southwestern part of the state.

The New Mexico Office of Natural Resources Trustee announced the settlement Dec. 30, a day after filing the consent decree with the copper and gold mining company in the U.S. District Court for the District of New Mexico.

Under the agreement, Freeport-McMoRan will pay about $12.8 million for the restoration of groundwater resources near...
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