Grupo Mexico to set aside $150 million; Spill in Mexico occurred at world's fourth largest copper mine

摘要

GRUPO MEXICO has agreed to set aside at least $150 million to pay for damages after an acid spill from its Buenavista Mine in the northwestern state of Sonora led to the industry's worst environmental disaster on record in Mexico. The company reached an agreement with Mexico's government to create a trust to pay for any environmental and human damage caused by the spill, government officials said. A special committee at the trust will define the exact amount to be paid by the company, which could go beyond the initial amount, The Wall Street Journal reported.