"13 March 2009 Vedanta Resources is buying US copper producer Asarco for $1.7 billion. The deal is partially backed by two letters of credit (totaling $100 million) from ABN Amro and a $25 million letter of credit on receipt of certain bankruptcy court approvals."
http://www.projectfinancemagazine.com/default.asp?Page=7&PUB=4&ISS=25325&SID=718250
The DOJ Bankruptcy Trustee has not made the ASARCO Bankruptcy Court in Corpus Christi Texas consider the formerly-secret "confidential-for-settlement-purposes-only" EPA-DOJ document released in 10/2006 (NYTimes). The next court date is this week March 19'th, and they continue to ignore this.
None of the illegal secret toxic wastes burned in the El Paso Asarco contop furnaces (World's largest) for nearly ten years during the 1990's are being reviewed during the Court's decisions of ASARCO's liabilities. These are being swept under the rug, ignored and the company is being spiffed up nice and clean for sale.
Meanwhile the toxic wastes remain in El Paso Texas around that smelter and likely in the area that Grupo Mexico wants to rail Punta Colonet freight through: Santa Teresa, N.M.. We are given no data for Dioxins, PCB, Mercury, Polonium and other basic information.
WE NEED OUR DEPARTMENT OF JUSTICE TO REPLACE THE BANKRUPTCY TRUSTEE WITH SOMEONE WHO WILL DO THE JOB AND REQUIRE THE COURT TO LOOK AT THE LIABILITIES-FROM-THE-FORMERLY-SECRET-and-ILLEGAL TOXIC-WASTE.
Friday, March 13, 2009
Competitive bids possible for Asarco: Macquarie
"Competitive bids possible for Asarco: Macquarie
Thu. March 12, 2009; Posted: 11:22 PM
http://www.tradingmarkets.com/.site/news/Stock%20News/2221151/
New Delhi, Mar 12, 2009 (Asia Pulse Data Source via COMTEX) -- --
Sterlite Industries 1.7 billion dollars proposed acquisition of
America's third largest copper producer Asarco may face rival bids, even
as it has entered into a buyout agreement with the US-based firm,
according to a report.
Thu. March 12, 2009; Posted: 11:22 PM
http://www.tradingmarkets.com/.site/news/Stock%20News/2221151/
New Delhi, Mar 12, 2009 (Asia Pulse Data Source via COMTEX) -- --
Sterlite Industries 1.7 billion dollars proposed acquisition of
America's third largest copper producer Asarco may face rival bids, even
as it has entered into a buyout agreement with the US-based firm,
according to a report.
"Competitive bids are still possible, and Sterlite has the option to
match any bids, but has no obligation to do so," Macquarie Research said
in a statement."
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