APNewsBreak: Hecla will pay $263M to settle case
Monday, June 13, 2011
SPOKANE, Wash. (AP) -- The largest mining company in Idaho's Silver Valley will pay $263.4 million plus interest to settle one of the nation's largest Superfund lawsuits.
The U.S. Department of Justice on Monday announced that Hecla Mining Co., of Coeur d'Alene, Idaho, will pay the money to the U.S., Idaho and Coeur d'Alene tribal governments for releasing mining wastes into the environment.
The money will be used in the Environmental Protection Agency's multi-billion dollar cleanup of the toxic mining wastes that will last for decades. Hecla is the nation's largest silver producer, operating the Lucky Friday Mine in the Silver Valley and a mine in Mexico.
The agreement was filed in federal court in Boise, Idaho, on Monday.