W.R. Grace & Co. has agreed to pay $18.5 million to settle its remaining Libby Asbestos Superfund Site claims with the state of Montana.
Gov. Greg Gianforte’s office announced the settlement on Tuesday. It stems from the Montana Department of Environmental Quality’s natural resource damage claims in W.R. Grace’s Chapter 11 bankruptcy proceedings. The company-owned vermiculite mines and mills near Libby left hundreds of residents sickened or dead from asbestos-related health damage.
Work is underway on Sept. 20 to cover up the massive black slag piles east of Anaconda.
Meagan Thompson, The Montana Standard
The site was added to the Environmental Protection Agency’s Superfund list in 2002.
“After years of negotiation following Grace’s historic damage, Libby and communities in Lincoln County can more fully recover,” Gianforte said in a press release. “I look forward to the positive impact this settlement can bring to the people of Libby and Lincoln County.”
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The settlement goes toward the state’s work restoring, replacing or rehabilitating natural resources affected by the mining in Lincoln County. The money would come in a first installment of $5 million within