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Utah buys U.S. Magnesium assets for $30M to protect Great Salt Lake and reduce environmental risks.
Utah has purchased U.S. Magnesium’s bankruptcy assets for $30 million, using funds likely from the state’s rainy day reserve, to address environmental risks and protect the Great Salt Lake.
The state aims to remediate a hazardous waste pond, end mineral leases, and redirect water to the lake, with plans to restore it by 2034.
The move, supported by lawmakers and environmental advocates, follows years of planning and aims to prevent contamination and dust from exposed lakebeds.
While some creditors oppose the sale over job losses, the state emphasizes the long-term ecological and public health benefits.
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Utah compra activos estadounidenses de magnesio por $30 millones para proteger el Gran Lago Salado y reducir los riesgos ambientales.