DENVER—The Colorado Department of Public Health and Environment says an agreement has been reached with Cotter Corp. to resolve a dispute over financial assurance and remedial actions necessary to clean up the company’s inactive Cañon City uranium mill.
Cotter must provide nearly $6.9 million in financial assurance for ongoing cleanup operations. That’s on top of a $20.8 million financial assurance to cover termination of its radioactive materials license.
The agreement would allow financial penalties on Cotter if deadlines are missed for installing new monitoring wells and ditch linings in Lincoln Park, a system for flushing and treating contaminated groundwater near the site and a new trench system to collect contaminated groundwater within the mill site.
A spokesman for Cotter did not return a phone call seeking comment Friday.
