CAPITAL MARKETS

US settles lawsuit over Colorado gold mine

INTERNATIONAL mining financier Robert Friedland has agreed to pay nearly US$28 million to the United States government and the state of Colorado to clean up environmental damage at an abandoned gold mine.

Greg Tubby

The settlement brings to a close years of wrangling between Friedland and government authorities, who had filed a US$120 million lawsuit against the mining executive in 1992 when the companies that ran...

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