"A proposed settlement agreement was filed with the bankruptcy court by the state of Texas and ASARCO. Under the proposed settlement agreement, ASARCO's El Paso smelter property will be placed in an environmental custodial trust and managed by a custodial trustee. Though the custodial trust approach has not yet been approved by the bankruptcy court in the ASARCO case, the TCEQ wishes to identify a potential trustee in the event that one must be chosen quickly as a result of the bankruptcy process. Any interested party is required to respond to the Request for Information (RFI), which is posted http://esbd.cpa.state.tx.us/bid_show.cfm?bidid=82052. The deadline for submittal of responses to the RFI was June 1, 2009. The TCEQ received 25 submittals and is proceeding with evaluations."
You can also view this update on the main ASARCO web page.