Freeport-McMoRan To Pay $5.5M For 3 Mine Cleanups

Law360, New York (February 22, 2012, 7:26 PM EST) -- Copper mining giant Freeport-McMoRan Corp. agreed Tuesday to pay $5.5 million to clean up and restore three former mining sites as part of a settlement with the U.S. Department of the Interior and New Mexico.

New Mexico and the DOI filed a complaint against Freeport in December, accusing it and four of its subsidiaries of violating the Comprehensive Environmental Response, Compensation and Liability Act of 1980 by releasing hazardous substances such as sulfuric acid, arsenic and lead from the Chino, Cobre and Tyrone mining sites.

The substances damaged surface...
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