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

Wednesday, April 21, 2010

Letter sent to newspaper about Asarco hazards

"Asarco hazards

What is wrong with our elected officials? City, state and federal. Asarco's long history of polluting our city did not go away because it is not re-opening. Those same pollutants remain.

The EPA and our own congressman's investigation proves they were illegally disposing toxic chemicals for profit. The trustee, state senator and our city officials are proceeding with plans for the future. Nothing wrong with progress when done honestly -- a power-washing will not rid these toxins.

First, they must test for the illegal toxins and incinerated chemicals that took place for almost 10 years. Ten years of contaminating our drinking and irrigation water. Our water remains contaminated, more so around the plant. With the rains breaking records, it concerns me what we are being exposed to.

Asarco shut down, but the dangers remain in the shadows of this dirty, smelly contaminated location. As per the trustee, the clean-up will be that for industrial use, not nearly for any population use. Power-washing? What an insult and not funny in the slightest sense. So what happens to the kids of Anapra and Sunland Park? They don't count?

Carlos Rodriguez
East El Paso"
http://www.elpasotimes.com/opinion/ci_14916023


"Asarco Sues EPA To Nix $34M Superfund Claims"

" Law360, New York (April 19, 2010) -- Asarco LLC is suing the U.S. government to scratch $33.6 million in claims the reorganized mining giant maintains have been wrongly and tardily imposed in connection with the cleanup of a Superfund site in California.

The complaint, lodged April 5 in the U.S. District Court for the Eastern District of California, claims Asarco doesn’t owe a penny for vast contamination at the Blue Ledge Mine..."

http://environmental.law360.com/registrations/user_registration?article_id=162611&concurrency_check=false

"Hiding behind the Goldman front, negative data is still weighing down copper.." Did this affect Grupo Mexico or ASARCO??

And who is making money on this?

Why won't our government disclose the still-secret poisons remaining in our community (El Paso TX) from what the EPA secretly told the Federal DOJ (1998) had been the burning of secret/unknown hazardous wastes for profit by ASARCO -- done over nearly ten years (and kept confidential from the community through a confidential EPA/DOJ ASARCO settlement agreement for another eight years?!)

"Google News Alert for: asarco
Goldman Fraud Charge Hits Copper Prices
Copper Investing News
Grupo Mexico will show benefits from its acquisition of Arizona's Asarco, ... Grupo Mexico won back control of Asarco in December, pulling the US copper ..."

"By Leia Michele Toovey- Exclusive to Copper Investing News" "As news over impending fraud charges against leading commodities player Goldman Sachs (NYSE:GS) hit the market last Friday, copper witnessed considerable downside. Risk averse investors jumped from their positions, sending copper plummeting to a three month low.... Hiding behind the Goldman front, negative data is still weighing down copper..."


Tuesday, April 20, 2010

Asarco Bankruptcy ends, and bring predictions "... that Grupo Mexico's total copper sales volumes should be propelled 43 percent year-on-year" as METAL PRICES RECOVER

"Google Web Alert for: asarco
PREVIEWGrupo Mexico profit seen up on Asarco copper prices ...
WHAT: Grupo Mexico Q1 earnings results * WHEN: Friday, April 23 * REUTERS FORECAST: Net profit seen soaring year-on-year By Mica Rosenberg MEXICO CITY, ...
in.reuters.com/article/.../idINN2021866520100420
"
"MEXICO CITY, April 20 (Reuters) - Grupo Mexico, the nation's biggest copper miner, is set to report a sharp jump in quarterly results as ...metal prices recover, a Reuters poll showed.  Seven analysts consulted by Reuters estimated the company's (GMEXICOB.MX...) first-quarter net profit at $383 million, about 20 times year-earlier earnings of $19 million. Grupo Mexico won back control of Asarco in December, pulling the U.S. copper miner out of bankruptcy by winning a drawn-out court battle and outbidding India's Sterlite Industries Ltd...).  ...."In the first quarter that Asarco's results are fully consolidated, we estimate that Grupo Mexico's total copper sales volumes should be propelled 43 percent year-on-year," brokerage Grupo Bursatil Mexicano said in a report."

"Analysts consulted by Reuters expect [Asarco owner --- GMEXICOB.MX] first-quarter net profit will soar almost 2,000 percent"

Predictions of 2000 percent (two thousand!) net profit increases for Grupo Mexico come as the El Paso TX Asarco Trustee and others continue to stonewall the community (and international JAC committee's) request for data and information on the years of secret hazardous waste disposal (incineration) by the ASARCO El Paso (and E. Helena MT) smelters.  

"Google News Alert for: asarco

Mexico peso, stocks gain on US earnings optimism
Reuters
MX) first-quarter net profit will soar almost 2000 percent after Grupo Mexico regained control of Arizona copper miner Asarco in December by outbidding ...
"
"Miner Grupo Mexico (GMEXICOB.MX) rose 1.25 percent to 35.78 pesos. Analysts consulted by Reuters expect the company's (GMEXICOB.MX) first-quarter net profit will soar almost 2,000 percent after Grupo Mexico regained control of Arizona copper miner Asarco in December by outbidding India's Sterlite Industries Ltd (STRL.BO). [ID:nN20218665].....However, a recent legal appeal by Sterlite pushed HSBC to downgrade the Mexican miner's stock to "neutral" from "overweight" in a report on Tuesday. (Reporting by Michael O'Boyle; Editing by Leslie Adler)..."