Grupo Mexico dodges mine closure with $151 million toxic spill fund

Posted by Washington Post: Juliet Eilperin on September 11th, 2014
Reuters: Grupo Mexico and its subsidiaries on Thursday dodged losing a concession to run one of the biggest copper mines in the world as long as they comply with government obligations following a toxic spill that include creating a $151 million clean-up fund. The fund is far bigger than a $23 million reserve that Grupo Mexico had previously set aside for the clean-up at Buenavista copper mine. The government said Grupo Mexico could face fines totaling 44.5 million pesos ($3.37 million). "If they meet obligations......

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