108 articles for

August 2009

PPG INDUSTRIES: Expects US$35M Cash Outlays for Cleanup in 2009

PPG Industries, Inc. expects cash outlays for environmental remediation costs to be about US$35 million in 2009 and to range from US$45 million to US$75 million annually through 2013.

The Company’s continuing efforts to analyze and assess the environmental issues associated…

NEWMONT MINING: Appeal in PTNMR Lawsuit Dismissed on April 2009

Newmont Mining Corporation says that, in April 2009, the Indonesian Supreme Court summarily dismissed a prosecutor’s appeal related to Company subsidiary PT Newmont Minahasa Raya (PTNMR) and its President Director.

In July 2004, a criminal complaint was filed against PTNMR, which…

NEWMONT MINING: Records $157Mil Remediation Liability at June 30

Newmont Mining Corporation accrued US$157 million in liabilities for environmental remediation obligations at June 30, 2009, compared with US$163 million at Dec. 31, 2008, according to the Company’s quarterly report filed with the Securities and Exchange Commission on July 23,…

PPG INDUSTRIES: Still Facing Perchloroethylene Action in Calif.

PPG Industries, Inc. is a defendant in a matter in the California State Court in San Francisco in which plaintiffs claim that the Company and other defendants manufactured a defective product, the dry cleaning solvent perchloroethylene (PCE), and failed to…

IBM CORPORATION: Continues to be Involved in CERCLA Proceedings

International Business Machines Corporation continues to be party to, or otherwise involved in, proceedings brought by U.S. federal or state environmental agencies under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), known as “Superfund,” or laws similar to CERCLA.

Those…

RYDER SYSTEM: Records $15.52M Total Envt’l. Liability at June 30

Ryder System, Inc.’s total environmental liabilities were US$15,521,000 as of June 30, 2009, compared with US$15,471,000 as of Dec. 31, 2008.

Accrued environmental expenses were US$4,120,000 as of June 30, 2009, compared with US$3,848,000 as of Dec. 31, 2008. Non-current environmental…

ARROW ELECTRONICS: Cleanup at Wyle Sites in Ala., Calif. Ongoing

Arrow Electronics, Inc. is still engaged in cleanup and investigative activities at the Wyle Electronics sites in Huntsville, Ala., and Norco, Calif.

In 2000, the Company assumed certain of the then outstanding obligations of Wyle, including Wyle’s obligation to indemnify the…

NEWMONT MINING: Subsidiary to Perform EE/CA at Ross-Adams Mine

Newmont Mining Corporation’s subsidiary, Newmont USA Limited, has agreed with the U.S. Forest Service to perform an Engineering Evaluation/Cost Analysis (EE/CA) at the Ross-Adams mine in Prince of Wales, Alaska.

By letter dated June 5, 2007, Forest Service notified the Company…

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