Mining Cos. Agree To Pay Up For Site Cleanup

Law360, New York (July 23, 2007, 12:00 AM EDT) -- Newmont Mining Corp. and bankrupt Asarco LLC have struck a settlement with the U.S. Department of Justice worth close to $40 million, which will go towards paying for the cleanup of a large mining site that has been polluted with over 2,000 waste piles.

The agreement will go before the U.S. Bankruptcy Court of Southern Texas this Friday for a final approval.

According to the pact, aimed at funding the cleanup of the California Gulch Superfund in Leadville, Colo., Asarco will shell out about $6 million...
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