Hecla pays $77M to federal government
Tuesday, October 11, 2011
SPOKANE, Wash. (AP) -- Hecla Mining Co. has made a $77.4 million payment to the United States government as part of a settlement to clean up the Silver Valley of northern Idaho.
Hecla will make an additional $42.3 million payment in August 2014 as part of the deal to clean up the Bunker Hill Superfund site in Kellogg, Idaho, which for decades produced silver and other metals
Hecla, which is based in Coeur d'Alene, has also paid damages to the state of Idaho and to the Coeur d'Alene Indian Tribe as part of a settlement that totaled $263.4 million plus interest.
The payments were announced Tuesday by the U.S. Department of Justice.