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…
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…
Grupo Mexico S.A.B. de C.V., in court papers, said that it agreed to pay US$1.46 billion in cash plus a US$280 million note to regain control of Asarco LLC, Bloomberg reports.
The case is styled In re Asarco LLC, 05-21207, U.S.…
A lawyer for Grupo Mexico S.A.B. de C.V., on June 24, 2009, said that Grupo Mexico increased its bid to US$3.1 billion to regain control of its bankrupt U.S. unit, Asarco LLC, Reuters reports.
In a June 23, 2009 court filing,…
Grupo Mexico S.A.B. de C.V., on June 2, 2009, said it is offering US$2.9 billion to take its U.S.-based copper unit, Asarco LLC, out of Chapter 11 bankruptcy, The Wall Street Journal reports.
In the 1930s, Grupo Mexico acquired control of…
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…
The Mesothelioma & Asbestos Awareness Center said that it expects that Grupo Mexico S.A.B. de C.V. will appeal an asbestos- and environmental-related ruling in favor of its subsidiary ASARCO LLC.
Asarco, an Arizona-based mining and smelting company, filed for bankruptcy in…
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…