Company Profile
Updated: 17-SEP-09Asarco Inc.
Exporter
5285 E Williams Circle, Ste. 2000, Tuscon, AZ 85711-7711, United States
(520)798-7500, (520)798-7780 fax, http://www.asarco.com
Primary SIC: Copper Ores, Primary NAICS: Copper Ore and Nickel Ore Mining
Description: Mining: Lead, zinc, copper and silver mining and refining. More
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Geo Announces Inmet Deals.
Marketwire Canada; 11/17/2009; 1359 words; ...in development by Rio Tinto-BHP), Ray (in production by ASARCO), and Florence-Poston Butte (undeveloped). The Company...interest in the Projects under option from Bronco Creek Exploration Inc. ("BCE"), a target-generation team based in Tucson...
Grupo Mexico Reorganization Plan for ASARCO Confirmed by District Court.
Business Wire; 11/15/2009; 1187 words; ...result in a stronger, more vibrant ASARCO and an important contributor to GMEXICO...president and general counsel of ASARCO Inc. "Throughout this bankruptcy process...GMEXICO's goal has been to bring ASARCO out of bankruptcy in a manner that...
Bankruptcy Court Recommends Parent Plan in ASARCO LLC Reorganization.
Mining & Minerals; 9/18/2009; 1066 words; ...Incorporated, the parent companies of ASARCO LLC. The Court issued the...the one filed by the debtor, ASARCO LLC and its sponsor, Sterlite (USA), Inc. "Our Board will consider...Chief Executive Officer of ASARCO LLC. Judge Andrew Hanen of...
Bankruptcy Court Judge Recommends Confirmation of Grupo Mexico Reorganization Plan for ASARCO.
Biotech Week; 9/16/2009; 1586 words; ...LLC. By this ruling, control of ASARCO will be returned to GMEXICO's subsidiary...president and general counsel of ASARCO Inc. "Assuming Judge Hanen accepts the recommendation, returning ASARCO to the Grupo Mexico family will not...
India : Vedanta Lifts Asarco Bid 3%; India Stocks Up.
TendersInfo; 9/12/2009; 994 words; ...offer for the U.S. based copper mine Asarco by 3% to $2.6 billon. Mumbai stocks...offer for the U.S. based copper mine Asarco by 3% to $2.6 billon. The Sensex index...Rs 235.80 said Amylin Pharmaceuticals Inc. has signed an exclusive agreement with...
ASARCO is a leading miner, refiner and smelter of nonferrous metals. Of these metals are copper, zinc, and silver which are extracted from United States, Canada and Peru. They account for nearly 75% of the sales generated. Most of ASARCO's silver assets have been traded in exchange to partner, Coeur d'Alene in exchange for a 19% stake in their company. Grupo Mexico, who is 10%-owner and holdings include 54% of a copper-molybdenum mined in Montana, also won a bidding war with copper miner, Phelps Dodge for the company. This happened around the same time that ASARCO merged with Cyprus Amax Minerals and fell apart in 1999. Other ASARCO businesses include American Limestone, and specialty chemicals producer Enthone-OMI. Since December 1998 ASARCO's sales have grown 17.9%. Competitors include Phelps Dodge, Rio Tinto Plc, and Zambia Copper.
Recent News Articles
- ASARCO Inc. Commits to Keep El Paso Smelter Closed and Remediate Site If It Regains Control of Plant Owner ASARCO LLC.
Business Wire - January 24, 2008 - Glencore faces tough fight in bid for Asarco's assets.(News)(Glencore International AG, Asarco Inc.)
American Metal Market - January 25, 2007 - Three former Asarco mines set for restart.(Glencore International AG to start production at the sites acquired from Asarco Inc.)(Brief article)
American Metal Market - November 22, 2006 - Asarco finds some footing but not on solid ground yet: CIT agrees to provide $75M working capital.(CIT Group/Business Credit Inc., United Steelworkers union )(Brief Article)
American Metal Market - November 02, 2005
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