December 10, 2009
Jefferson City, Mo. - Attorney General Chris Koster said today that Missouri will get more than $64 million in environmental cleanup money as a result of a federal bankruptcy reorganization of American Smelting and Refining Company LLC (ASARCO).
Koster said ASARCO's bankruptcy resulted in the largest recovery of money ever for hazardous waste cleanup and restoration, with $1.79 billion going to 19 states.
Sites in Jasper and Newton counties in the Tri-State area are receiving $3.25 million and sites in St. Francois, Iron, and Madison counties are receiving $1.25 million. The money will be used to reimburse the state for past costs to assess injury to the state's natural resources and for future costs to oversee site cleanup. In addition, the state has joint claims with the federal Department of the Interior totaling $55 million to pay for damages for injury to our natural resources. In addition, $5 million is being paid to the state and the Doe Run Company to complete cleanup at the Glover smelter site.
ASARCO is a leading producer of copper and one of the largest nonferrous metal producers in the United States. The company is based in Arizona and is responsible for sites around the country that are contaminated with hazardous waste. More than 80 sites nationwide will be cleaned up with the bankruptcy settlement money.
"This bankruptcy settlement is outstanding news for Missouri," Koster said. "We can now begin the cleanup of contamination and the restoration of natural resources at the sites contaminated by ASARCO's practices. Working toward maintaining the environmental integrity of our beautiful state continues to be a top priority of this office."