ASBESTOS UPDATE: Sterlite Ind. Revises Asarco Offer on Sept. 10

Sterlite Industries (India) Limited, on Sept. 10, 2009, revised its offer to purchase the operating assets of Asarco LLC to US$2.565 billion payable fully in cash, according to a Company report, on Form 6-K, filed with the Securities and Exchange…

ASBESTOS UPDATE: Probe on Docking of U.S. Ship in Alang Ongoing

Platinum II, a U.S.-registered ship allegedly containing asbestos anchored near the ship-breaking yard at Alang forced India’s Forest and Environment Ministry to seek an inquiry report from Gujarat Maritime Board, newKerala.com reports.

The Alang port is located off the coast of…

ASBESTOS LITIGATION: Sterlite USA Agrees to Represent Claimants

Sterlite Industries (India) Limited’s subsidiary in the United States, Sterlite (USA), Inc., on June 12, 2009, agreed with the representatives appointed under ASARCO LLC’s reorganization proceedings under Chapter 11 of the U.S. Bankruptcy Code to represent all persons with asbestos…