...in accordance with prior proposed amount, so no surprises to the share price!
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$263M from Idaho press
http://www.cdapress.com/news/local_news/article_b2c3fcc1-3751-50a0-869a-735c7a49f53d.html
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Official Hecla press, without direct reference to the amount
http://phx.corporate-ir.net/phoenix.zhtml?c=63202&p=irol-newsArticlenew
Hecla Reports Lodging of Coeur d'Alene Basin Environmental Settlement with the Court
COEUR D'ALENE, Idaho, Jun 13, 2011 (BUSINESS WIRE) -- Hecla Mining Company ("Hecla")(NYSE:HL) is pleased to report that the Consent Decree, which includes final settlement terms, was lodged today with the U.S. District Court in Idaho. The Consent Decree among Hecla, the United States, the Coeur d'Alene Indian Tribe, and the State of Idaho, settles the environmental litigation and related claims pertaining to historic releases of mining wastes in the Coeur d'Alene Basin. The Consent Decree has the same monetary terms that were previously disclosed.
"We are encouraged by the lodging of the Consent Decree and continued cooperation by all related parties to resolve this longstanding litigation," said Hecla's President and Chief Executive Officer, Phillips S. Baker, Jr. "We expect the settlement to be finalized and effective in the third quarter 2011."
Following publication in the Federal Register, the Consent Decree is subject to a 30-day public comment period as well as final Court approval.
For more information on the terms of settlement contained in the Consent Decree, please see our 2011 SEC filings at www.sec.gov.
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$263M from Idaho press
http://www.cdapress.com/news/local_news/article_b2c3fcc1-3751-50a0-869a-735c7a49f53d.html
----------
Official Hecla press, without direct reference to the amount
http://phx.corporate-ir.net/phoenix.zhtml?c=63202&p=irol-newsArticlenew
Hecla Reports Lodging of Coeur d'Alene Basin Environmental Settlement with the Court
COEUR D'ALENE, Idaho, Jun 13, 2011 (BUSINESS WIRE) -- Hecla Mining Company ("Hecla")(NYSE:HL) is pleased to report that the Consent Decree, which includes final settlement terms, was lodged today with the U.S. District Court in Idaho. The Consent Decree among Hecla, the United States, the Coeur d'Alene Indian Tribe, and the State of Idaho, settles the environmental litigation and related claims pertaining to historic releases of mining wastes in the Coeur d'Alene Basin. The Consent Decree has the same monetary terms that were previously disclosed.
"We are encouraged by the lodging of the Consent Decree and continued cooperation by all related parties to resolve this longstanding litigation," said Hecla's President and Chief Executive Officer, Phillips S. Baker, Jr. "We expect the settlement to be finalized and effective in the third quarter 2011."
Following publication in the Federal Register, the Consent Decree is subject to a 30-day public comment period as well as final Court approval.
For more information on the terms of settlement contained in the Consent Decree, please see our 2011 SEC filings at www.sec.gov.
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