Asarco Pledges $200M For Wash. State Cleanup

Law360, New York (August 25, 2008, 12:00 AM EDT) -- Inching its way toward a bankruptcy exit, Asarco LLC has agreed to hand over $200 million to mop up the toxic trouble caused by its numerous mining operations in Washington state.

The bankrupt copper mining company has reportedly earmarked millions of dollars to be used for the cleanup of the Ruston smelter site and other Washington areas as part of a larger reorganization plan proposed earlier this month.

The $200 million figure represents Asarco's overall payout in regards to Washington state, with the money broken down...
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