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

Wednesday, June 3, 2009

"Americas Mining Company Wins Right to Appeal Judgement in ASARCO Ruling without Posting Cash Bond"

Americas Mining Company Wins Right to Appeal Judgement in ASARCO ...

"...U.S. Judge Andrew S. Hanen of the Fifth Circuit District Court in Brownsville, Texas yesterday granted Grupo Mexico the right to post an alternative financial guarantee to secure its Motion for Stay. In its opinion, the Court said it would allow AMC [subsidiary of Grupo Mexico] to place in escrow shares of Southern Copper Corporation [Peru] stock rather than a cash bond, as was requested by ASARCO, to secure the enforcement of any judgment at appeal. The appeal is expected to take at least a year...."

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