The company has also committed to spend US$2.2 million for additional cleanup projects at its operations in Corpus Christi and El Paso, Tex., and zinc mines in Tennessee.
The agreement stems from three years of voluntary discussions with the Environmental Protection Agency (EPA). As a part of the agreement, Asarco will expand its metal recycling business, using electrowinning technology to recover nickel, copper, chrome and tin from metal-bearing waste material.
Asarco and the EPA have yet to resolve an issue regarding discharges from the East Helena smelter in Montana. The parties await a ruling from a federal court.
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