Albuquerque Journal (Albuquerque, NM)

Molycorp Posts A Cleanup Bond.(Business)

Byline: Journal Staff and Wire Reports


TAOS A mining company has posted a $129 million bond with the state Environment Department to clean up its northern New Mexico mine and avert a federal takeover. Environmentalists say $300 million is needed for the cleanup.

For years, Molycorp maintained that runoff from nearby mountains was to blame for pollution in the Red River and the ground water around Questa. …

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