ASBESTOS UPDATE: Grupo Mexico’s Unit Completes Bid to Buy ASARCO

Grupo Mexico, S.A.B. DE C.V. announced Dec. 9, 2009 that its subsidiary, Americas Mining Corp. (AMC), has consummated its bankruptcy plan for ASARCO LLC, reuniting ASARCO with its parent company, according to a GMEXICO press release dated Dec. 9, 2009.

The…

ASBESTOS UPDATE: District Court OKs ASARCO, AMC Plan on Nov. 13

U.S. District Court Judge Andrew Hanen, on Nov. 13, 2009, issued his opinion and order confirming the reorganization plan sponsored by ASARCO Incorporated and Americas Mining Corporation, parent companies of ASARCO LLC, according to an Asarco press release dated Nov.…

ASBESTOS LITIGATION: SCC Affiliates Still Party to ASARCO Cases

Southern Copper Corporation’s direct and indirect parent corporations, including Americas Mining Corporation and Grupo Mexico S.A.B. de C.V., continue to be parties to litigation (including asbestos-related) involving Asarco LLC.

In August 2002, the U.S. Department of Justice brought a claim alleging…

ASBESTOS LITIGATION: SCC Affiliates Still Facing Asarco Actions

Southern Copper Corporation’s direct and indirect parent corporations, including Americas Mining Corporation and Grupo Mexico S.A.B. de C.V., still are parties to various litigation (including asbestos-related) involving Asarco LLC.

In August 2002, the U.S. Department of Justice brought a claim alleging…

ASBESTOS LITIGATION: SCC Affiliates Still Have Asarco LLC Cases

Southern Copper Corporation’s direct and indirect parent corporations, including Americas Mining Corporation and Grupo Mexico S.A.B. de C.V., still are parties to various litigation (including asbestos-related) involving Asarco LLC.

In August 2002, the U.S. Department of Justice brought a claim alleging…