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Copper Mine Pollution

Tucson, AZ: (Nov-13-07) Several environmental pollution lawsuits were filed against Asarco LLC, a bankrupt Tucson copper miner. In a recent development in the case, company officials stated that it had won court approval to pay the US and three states as much as $158 million to end litigation about pollution that was spread over 2,500 square miles and affected six American Indian tribes. Records show that the states involved were Kansas, Oklahoma and Missouri. US Bankruptcy Court Judge Richard Schmidt in Corpus Christi, Texas, stated that before Asarco can decide how it will reorganize and emerge from bankruptcy, the company and its other environmental and asbestos creditors must settle their differences. The settlement would translate to the US and the states being granted unsecured claims in Asarco's bankruptcy case that may be worth as much as $158 million once the company reorganizes. [ARIZONA DAILY STAR: COPPER MINE POLLUTION]

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Published on Nov-14-07


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