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Asarco

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About Asarco

ASARCO LLC is a mining, smelting, and refining company based in Tucson, Arizona that mines and processes primarily copper.

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date=March 2008

The company which is a subsidary of Grupo México is currently in Chapter 11 bankruptcy. In 2008 ASARCO plans for emerging from bankruptcy have called for it to totally liquidate its mining and industrial assets (a move opposed by its own parent company).

Its three largest open pit mines are the Mission, Silver Bell and the Ray mines in Arizona. Its mines produce 350 to 400 million pounds of copper a year.

It conducts solvent extraction/electrowinning at the Ray and Silver Bell mines in Pima County, Arizona and Pinal County, Arizona and a smelter in Hayden, Arizona. Before its smelting plant in El Paso, Texas was suspended in 1999 it was producing 1 billion pounds of anodes each year.

Refining at the mines as well as at a copper refinery in Amarillo, Texas produce 375 million pounds of refined copper each year.

Its name is attached to 20 superfund sites and it is subject to considerable litigation over pollution.

  1. Mentioned In 5 Articles

  2. CF Industries raises bid for Terra Industries, adds a cash portion

    Explore Article blog.taragana.com (Nov 2 2009)

    ...company is increasing its bid to $2.1 billion as it battles Grupo Mexico for the assets of bankrupt Asarco LLC. Sterlite Industries Ltd. Agrium extends CF Industries offerCALGARY, Alberta — Fertilizer compa... (Read Full Article)

    Comment on Article Mentions:   Anil Dhirubhai Ambani Group   Cisco   Boeing

  3. Marine who built Guantanamo prison says US lost 'moral high ground ...

    Explore Article blog.taragana.com (Sep 25 2009)

    ...o talk to students about careers in various arts industries and provide ... Sterlites new offer for Asarco panned by judge : Sterlite Industries (India) Ltd's latest offer to buy.. http://bit.ly/oT6Vm #... (Read Full Article)

    Comment on Article Mentions:   Barack Obama   White House   Silvio Berlusconi

  4. American Capital shares tumble after ...

    Explore Article blog.taragana.com (Aug 24 2009) Social Networking

    ...o the city's hopes of selling up to $80 million in bonds for infrastructure projects this year. Asarco takeover tussle...Sterlite hikes bid yet again: Sterlite Industries India Ltd., a subsidiary of Ved... (Read Full Article)

    Comment on Article Mentions:   Barack Obama   Federal Reserve   American Express

  5. Vedanta's Bid For Asarco Meets Fresh Challenge From Grupo Mexico

    Explore Article VCCircle (Apr 14 2009) Acquisition

    ...court of US Bankruptcy Court which will have to decide which of the two bids offers better terms to Asarco's numerous creditors. According to a Dow Jones report, Grupo Mexico has claimed support of a ke... (Read Full Article)

    Comment on Article Mentions:   Asarco   Vedanta Resources   Anil Agarwal

  6. Sterlite to buy Asarco for $1.7 bn

    Explore Article India Business Blog (Mar 7 2009) Acquisition

    Vedanta Resources has made a $1.7 bn takeover bid for US based copper miner Asarco. Vedanta will be using Sterlite Industries for the bid. The deal is $1.1 bn in cash and $600 mn to ... (Read Full Article)

    Comment on Article Mentions:   Suzlon Energy Ltd   Vodafone   Vedanta Resources

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