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UPDATE 1-Grupo Mexico dodges mine closure with $151 mln toxic spill fund

2014-09-12 12:37:42| Food - Topix.net

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.

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