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

Monday, September 14, 2009

Glencore and Sterlite-owner in same business

January 2009 "Swiss commodities firm Glencore International AG ....has submitted a written proposal for a joint venture with Asarco LLC, a lawyer for the bankrupt U.S. copper miner said on Tuesday.  Glencore, an Asarco creditor, previously said in court documents that it was interested in joining a bid to buy the assets.   Asarco will consider the proposal along with a stand-alone plan it is putting together, company attorney Jack Kinzie told the bankruptcy court. Kinzie also said Asarco was still negotiating with Sterlite...."
http://www.reuters.com/article/euMergersNews/idUSN1341100020090113

Why is there a Swiss Bank named "ASARCO A.G." created in 1998-9? (Do a search on Katamanin in the blog search engine)


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