Asarco pays $52 million for cleanup at EP smelter

AP News
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Posted: Dec 10, 2009 2:03 PM

Copper miner Asarco LLC has provided $52 million to help pay for environmental cleanup at its closed El Paso smelter.

The state Attorney General's Office says the funds were transfered into a trust fund Thursday as part of an agreement it negotiated with the company.

The 422-acre site near downtown El Paso and has been dormant since 1999. It produced and refined heavy metals such as lead, copper, cadmium, and zinc for more than 100 years.

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Attorney General Greg Abbott's office also secured $29 million from Asarco to pay for low-level radioactive waste cleanup at the company's Superfund site near Houston.

Under a court-approved bankruptcy reorganization, Asarco's El Paso smelter is permanently closed.