AMD 2013 Annual Report Download - page 44
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In 1991, we received Final Site Clean-up Requirements Orders from the California Regional Water Quality
Control Board relating to the three sites. We have entered into settlement agreements with other responsible
parties on two of the orders. During the term of such agreements other parties have agreed to assume most of the
foreseeable costs as well as the primary role in conducting remediation activities under the orders. We remain
responsible for additional costs beyond the scope of the agreements as well as all remaining costs in the event
that the other parties do not fulfill their obligations under the settlement agreements.
To address anticipated future remediation costs under the orders, we have computed and recorded an
estimated environmental liability of approximately $5.4 million and have not recorded any potential insurance
recoveries in determining the estimated costs of the cleanup. Costs could also increase as a result of additional
test and remediation obligations imposed by the Environmental Protection Agency or California Regional Water
Quality Control Board. The progress of future remediation efforts cannot be predicted with certainty and these
costs may change. We believe that the potential liability, if any, in excess of amounts already accrued, will not
have a material adverse effect on our financial condition, cash flows or results of operations.
Other Matters
We are a defendant or plaintiff in various actions that arose in the normal course of business. With respect to
these matters, based on our current knowledge, we believe that the amount or range of reasonably possible loss, if
any, will not, either individually or in the aggregate, have a material adverse effect on our financial condition,
cash flows or results of operations.
ITEM 4. MINE SAFETY DISCLOSURES
Not Applicable.
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