The U.S. government and state governments with environmental claims against Grupo Mexico SAB's (GMEXICO.MX) U.S. subsidiary Asarco LLC have been paid $1.79 billion as part of the unit's exit from bankruptcy protection, a source familiar with the case said.

The Mexican mining and railroad company said Wednesday night that Asacro had exited Chapter 11 bankruptcy protection.

As part of that exit, the U.S. government and 19 states have been paid $1.79 billion to cover the Arizona-based copper miner's past environmental liabilities, the source said. The money will be used for environmental cleanup and restoration at contaminated Asarco mining sites.

Officials with the Justice, Interior and Agriculture Departments are scheduled to hold a conference call with the press Thursday afternoon to discuss the case.

-By Brent Kendall, Dow Jones Newswires; 202-862-9222; brent.kendall@dowjones.com
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