Hafnium

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Sunday, April 26, 2009

South New Jersey & WA sites get stimulus monies.... but El Paso? What about El Paso??


Stimulus steps in to mop up Superfund mess
Seattle Times - Seattle,WA,USA
Up to $10 million will be spent to remove contaminated soils from residential backyards and park areas within a mile of the former Asarco smelter along ...

"President Obama wants to restore the tax and assumes it will provide $1 billion in revenues for his 2011 budget.

Until then, financing for work at the nation's nearly 1,600 Superfund sites will come from taxpayers in the form of EPA appropriations or stimulus money. The nearly $600 million in stimulus money virtually doubles the amount available for Superfund work in the current fiscal year, officials said."

Saturday, April 25, 2009

Pressure mounts on Grupo Mexico owners

"Judge: Sterlite can buy Valley-based Asarco
...Associated Press

...U.S. Bankruptcy Judge Richard Schmidt approved the request Wednesday from Asarco's court-approved board to sign a sale contract with Sterlite Industries Ltd.

That will spur competition with Grupo Mexico SAB of Mexico City, which owned Asarco but lost control after Asarco filed for Chapter 11 reorganization in 2005.

Grupo Mexico has said it would pay $1.3 billion to reassume control - a move Asarco officials oppose. Sterlite offered $2.6 billion last year but withdrew the bid when copper prices plunged. Asarco is able to accept a higher offer until its reorganization plan receives final approval.""


http://www.azcentral.com/news/articles/2009/04/24/20090424asarco0424.html