WASHINGTON (AP) -- Asarco LLC has reached settlements worth $27.8 million with people in three states who demanded more than $1 billion from the copper-mining company for personal-injury and property damages.Asarco has asked the U.S. Bankruptcy Court in Corpus Christi, Texas, to approve the settlements, which will resolve more than 500 claims for damages that have been filed against the company.
The agreements are part of Asarco's ongoing effort in its bankruptcy case to resolve demands from the federal government, states and individuals for billions of dollars in damages ranging from environmental contamination to asbestos-related injuries.
The latest settlements are tied to the mining company's operations in Hayden, Ariz., Tar Creek, Okla., and El Paso, Texas, according to court papers filed Wednesday. The agreements follow mediation sessions that were held in October.
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