"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Thursday, April 2, 2009

American Mining Corp ordered to return stock to ASARCO

"April 2, 2009
Judgment to order stock returned to Asarco
ARTHUR H. ROTSTEIN
Associated Press Writer

TUCSON, Ariz. (AP) - A federal judge in Texas has ordered a subsidiary
of mining giant Grupo Mexico SAB to return stock in a Peruvian mining
company once owned by Tucson-based copper miner Asarco LLC, now going
through bankruptcy reorganization.

An attorney and company officials said the damages award to Asarco -
including the return of stock - was valued at more than $6 billion."

http://www.dailymail.com/ap/ApTopStories/200904021332

also see
http://www.reuters.com/article/marketsNews/idUSN0225608820090402

"MEXICO CITY, April 2 (Reuters) - Grupo Mexico shares plunged 15 percent
on Thursday after a U.S. court ordered the company to surrender the bulk
of its stake in Southern Copper and pay more than $1 bln in
damages.....Grupo Mexico... has said it was still interested in taking
back control of Asarco."

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