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Saturday, July 21, 2007
Asarco wins extension in trial
"...Asarco wins extension in trial
Tucson-based Asarco LLC, a bankrupt copper producer, won a 90-day extension of its exclusive right to file a reorganization plan, according to a company lawyer, Jack Kinzie. U.S. Bankruptcy Judge Richard S. Schmidt in Corpus Christi, Texas, ruled Friday that Asarco has until Nov. 12 to file a reorganization plan, Kinzie said.
Asarco has about 1,800 Arizona employees and operates the Mission mine near Sahuarita, the Silver Bell mine west of Marana, the Ray mine near Kearny and the Hayden smelter 30 miles north of Oracle...."
Posted by Elpaso at Saturday, July 21, 2007