CABOT CORP: Has $9M Reserve at 3Q08 for Environmental Matters

Cabot Corporation, as of Sept. 30, 2008, had US$9 million reserved for environmental matters primarily related to divested businesses.

In fiscal 2008, there was US$3 million in accrued expenses and US$6 million in other liabilities on the Company’s consolidated balance sheets…

CABOT CORP: Still Addresses Remediation of Ashtabula River, Ohio

Cabot Corporation continues to be one of the 14 companies, collectively the Ashtabula River Cooperating Group II (ARCG II), participating in the remediation of the Ashtabula River in Ohio.

The Company said in its latest Annual Report on Form 10-K filed…

HECLA MINING CO: To Pay $85T for CWA & Hazardous Waste Breaches

COEUR D’ALENE, Idaho — December 4, 2008 — The Hecla Mining Company, owner and operator of the “Lucky Friday” Mine and Mill in Idaho’s northern panhandle, has agreed to pay $85,000 and provide more than $17,000 in cash and emergency…

MIDNITE MINE: EPA Orders Mining Cos. to Continue Cleanup Work

SEATTLE, Washington — November 10, 2008 — The U.S. Environmental Protection Agency issued a unilateral administrative order to international mining company Newmont USA Limited and its subsidiary Dawn Mining Company, LLC, to continue treating contaminated water at the Midnite Mine…

NEWMONT MINING: Peruvian Citizens’ Mercury Spill Suits Ongoing

Newmont Mining Corporation’s 51.35%-owned subsidiary, Minera Yanacocha S.R.L., is still named a defendant in lawsuits filed by Peruvian citizens on the elemental mercury spill incident in Choropampa, Peru.

In June 2000, a transport contractor of Yanacocha spilled about 151 kilograms of…

NEWMONT MINING: Awaiting Yanacocha’s Mining Rights to be Upheld

Newmont Mining Corporation continues to believe that the mining rights of its 51.35%-owned subsidiary, Minera Yanacocha S.R.L. (Yanacocha), will be upheld, the Company said in its Quarterly Report for the period ended Sept. 30, 2008.

Yanacocha is involved in a dispute…

NEWMONT MINING: Still Has Potential Liability for Alaska Mine

Newmont Mining Corporation remains a potentially responsible party for environmental conditions at the Adams Ross mine in Prince of Wales, Alaska.

In a June 5, 2007 letter, the Forest Service notified the Company that it had expended about US$300,000 in response…

NEWMONT MINING: Awaits Ruling on WALHI Appeal on Claims v. PTNMR

Wahana Lingkungan Hidup Indonesia’s (WALHI) March 2008 appeal to the Indonesian Supreme Court is still pending regarding an Indonesian Court’s ruling that WALHI’s claims against Newmont Mining Corporation’s subsidiary on allegations of pollution in Buyat Bay were without merit.

WALHI, an…

NEWMONT MINING: Arizona Groundwater Contamination Suit Continues

Newmont Mining Corporation remains a defendant in a lawsuit filed by the Pinal Creek Group regarding groundwater contamination emanating from copper mining operations in Globe, Ariz., and Miami, Ariz.

The suit was filed on Nov. 5, 1991, in the U.S. District…

NEWMONT MINING: Leadville Pact Approved by Colo. Court Last Aug.

Newmont Mining Corporation reports that in August 2008, the U.S. District Court for the District of Colorado approved a settlement regarding all outstanding issues at a site in Leadville, Colo.

The U.S. Bankruptcy Court for the Southern District of Texas previously…

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