Epa said asarco illegally burned secret hazardous wastes (1998 , kept conf. Until 10/2006, when a teacher uncovered it

Is writing in 2008 about 1998 73 page epa usdoj asarco confidential for settlement purposes only document that became public domain after a tceq official referenced a "report" in an interview. A teach then filed open records request for that report. 

"EPA Charges Asarco Illegally Burned Hazardous Waste

By A DBR Roundup

June 18, 2008 8:03 pm ET|WSJ PRO

Asarco Inc., a bankrupt copper giant, is facing billions of dollars in pollution claims across the nation after being accused of pretending for years to recycle metals while illegally burning hazardous waste in a notorious El Paso smelter, according to a newly released Environmental Protection Agency document.

The New York Times reported Wednesday the agency, in a 1998 internal memorandum, said Asarco and its Corpus Christi subsidiary, Encycle, had a permit to extract metals from hazardous waste products but used that as a cover to burn the waste until the late 1990's, saving the high costs of proper disposal......"

Link to wsj article

1999 october ..."indicted in a Russian money-laundering probe involving accounts at the Bank of New York. The charges relate to about $7 billion""

 "Phelps Dodge

(PD)

extended its exchange offer for all outstanding shares of Asarco

(AR)

to Oct. 13 from the previous Oct. 5 [1999, A year After that epa published online in 1998 that el paso tx had highest beta radiation levels in u.s.a. ] deadline. Phelps Dodge said as of today about 1.7 million Asarco shares had been tendered.

Asarco is currently a takeover target for both Phelps Dodge and grupo Mexico

, which already owns a 10% stake. The value of Phelps Dodge's cash and stock offer is $972 million, based on Asarco's closing stock price today, while Grupo Mexico's offer is valued at about $1.03 billion. Asarco's board voted last night to recommend that shareholders not tender their shares into either offer, saying the process to obtain the best bid was not complete. Asarco had set a 6 p.m. EDT Tuesday deadline for final bids,

Reuters

reported, citing sources close to the situation.

A former Bank of New York

(BK)

executive, Lucy Edwards, her husband Peter Berlin and the company

Benex International

, were indicted in a Russian money-laundering probe involving accounts at the Bank of New York. The charges relate to about $7 billion which was transmitted through accounts on behalf of Benex and another defendant,

Becs International

, and are the first to emerge from the U.S. government's probe"

https://www.thestreet.com/markets/phelps-dodge-extends-exchange-offer-for-asarco-after-hours-trading-update-791192

Article link

Published under fair use