Asarco AR
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GMexico's Asarco gets $82.75 mln in damages from Sterlite
MEXICO CITY, Feb 14 (Reuters) - A U.S. judge has ruled copper miner Asarco is entitled to $82.75 million in damages after Indian resources company Sterlite Industries backed out of a deal to pull the U.S. firm out of bankruptcy in 2008.
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UPDATE 3-Grupo Mexico scraps plan for mining unit merger
MEXICO CITY, Oct 31 (Reuters) - Mexican copper miner and railroad operator Grupo Mexico scrapped plans to merge its two mining units amid better-than-expected results at its U.S. Asarco subsidiary,...
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Southern Copper Reports Strong 3Q, Grupo Mexico Withdraws Proposed Combination with ASARCO
… would withdraw its proposal to combine Southern Copper and ASARCO in a transaction that would give minority shareholders ..... in Southern Copper). As we've previously discussed, ASARCO lacks the kind of structurally advantaged cost profile …
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Grupo Mexico extends contract with Asarco union
MEXICO CITY, June 28 (Reuters) - Grupo Mexico and miners at its U.S. copper mining unit Asarco agreed to extend their existing contract for two more years, the Mexican company said in a statement on Tuesday.
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Southern Copper Reports 2Q, Announces Expansion
… cash flow model. Management offered little new information on Grupo Mexico's proposal to combine Southern Copper and ASARCO (see our July 23 note), declining to comment on prospective synergies or the economic terms of the combination, indicating …
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Sterlite Has Buyer's Remorse
… enthusiastic about its purchase of now-defunct Asarco copper-producing assets, it now appears ..... half since the company was clamoring to buy Asarco 's assets. When we last opined on the Asarco deal, we argued that Sterlite was paying too …
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Sterlite to Buy Asarco Assets
… the U.S. assets of the bankrupt Asarco LLC for $2.6 billion. We are reducing ..... anticipated impact of the higher cost Asarco copper assets on the company's normalized long-run operating costs. Asarco , the third-largest U.S. copper …