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

Monday, July 27, 2009

Grupo Mexico amends its Asarco reorganization plan

Grupo Mexico amends its Asarco reorganization plan
"MEXICO CITY, July 27 (Reuters) - Grupo Mexico has amended its reorganization plan for bankrupt U.S. subsidiary Asarco .....

Asarco said last week it would sell the Southern Copper shares won in the Brownsville decision and had already contacted more than 100 potential bidders.

But Grupo Mexico countered that the shares cannot be sold until the Brownsville appeal was decided. Grupo Mexico set aside $1.3 billion in an escrow account as a guarantee to creditors.....(Reporting by Mica Rosenberg, editing by Gerald E. McCormick)"


MEANWHILE THE USA FEDERAL DEPT. OF JUSTICE, THE USA FEDERAL EPA, and the ASARCO BANKRUPTCY COURT are IGNORING the now PUBLIC  EPA-DOJ Asarco confidential-for-settlement-purposes-only document that details how ASARCO deliberately and secretly burned toxic wastes for profit for nearly ten-years along the Rio Grande..... (NYTimes 10/2006).   

Asarco's attorney(s) state that this illegal activity never happened (?!?!) and that the GAO investigation proved it (The GAO investigation did not "investigate" Asarco" - that was not the purpose of that GAO report/investigation).   These attorney(s) are acting as if this now-public document was STILL SECRET.  

BY TOTALLY IGNORING THE ASARCO LIABILITIES FROM THE SECRET TOXIC-WASTES HANDLED AT ENCYCLE/ELPASO/E.HELENA,  ASARCO's CORPUS CHRISTI BANKRUPTCY is perpetuating a fraud.

THIS NEEDS CORRECTED BY HONEST PEOPLE IN OUR FEDERAL DOJ.   That formerly confidential for settlement purposes only document IS NOT CONFIDENTIAL ANY MORE.  IT IS NOW A PUBLIC DOCUMENT and the DOJ, EPA and Bankruptcy Court should be disclosing the secret toxic wastes.

THE COMMUNITY OF the Paso del Norte (El Paso, Sunland Park) plead with our Federal Government to deliver honest DOJ oversight of the Bankrupcty in Corpus Christi before it the powers-that-be get away with "cleaning up" ASARCO at the expense of ignoring the sick, the babies, the elderly and infirm of our region who depend upon their government to protect them.




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