Harbinger backs out to let Grupo Mexico take on Sterlite....

"A unit of hedge fund Harbinger Capital Partners said its plan to restructure Tucson-based copper miner Asarco LLC should be set aside while

.....a confirmation hearing is held on the other two plans. Only if neither of those is approved should Harbinger's plan be put forth for confirmation, according to the filing in U.S. Bankruptcy Court in Corpus Christi, Texas."

http://www.azstarnet.com/business/303453