Wednesday, April 25, 2012

Freeport to Pay $6.8 Million Damages

Freeport-McMoRan has agreed to pay nearly $7 million to settle federal and state natural resource damage claims involving the Morenci copper mine.

State authorities and federal prosecutors filed a complaint on April 24 that Freeport-McMoRan was liable for injuries to natural resources that resulted from hazardous substance releases.

The Wall Street Journal reports that Freeport has agreed to pay $6.8 million to the Interior Department’s Natural Resource Damage Assessment and Restoration Fund. The consent decree is subject to a 30 day comment period and court approval.

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