Mining Cos. To Pay $30M To End SD Mine Pollution Claims

Law360, New York (October 10, 2012, 6:26 PM EDT) -- A South Dakota federal judge on Tuesday granted final approval of a pair of consent decrees between the government and Cyprus Mines Corp. and Homestake Mining Co., with the companies agreeing to pay a combined $30 million to settle pollution allegations at an abandoned gold and silver mine.

The U.S. and South Dakota had been seeking more than $100 million in remediation costs under the Comprehensive Environmental Response, Compensation and Liability Act, but will take $26 million from Cyprus and another $4.2 million for Homestake to...
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