Proposed Agreement for Recovery of Allocated Past Costs, and Covenant Not to Sue for the Richardson Flat Tailing Site, Park City, UT

Riepilogo

In accordance with the requirements of section 122(i)(1) of the Comprehensive Environmental Response Compensation, and Liability Act of 1980, as amended ("CERCLA"), 42 U.S.C. 9622(i)(1), notice is hereby given of the proposed settlement under section 122(h) of CERCLA, 42 U.S.C. 9622(h), between the U.S. Environmental Protection Agency ("EPA") and the following (collectively, "Settling Defendants"): United Park City Mines, Atlantic Richfield Company, Falconbridge Limited, and Noranda Mining Inc. The proposed settlement would reimburse EPA for costs incurred in response to the release or threatened release of hazardous substances at the Richardson Flat Tailings Site located approximately 1.5 miles northeast of Park City, Utah (the "Site"). EPA alleges that each of the Settling Defendants is jointly and severally liable for all response costs incurred by EPA at or in connection with the Site, pursuant to Section 107(a) of CERCLA, 42 U.S.C. 9607(a). The EPA's response costs total approximately $607,294.89 through November 30, 2001. The Settling Defendants have agreed to pay $460,000, with the allocation to each party described in a proposed Consent Decree and Partial Consent Decree. Al