Hafnium

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Sunday, June 21, 2009

Banco Inbursa (Carlos Slim) bailed out Asarco, Slim also bailed out the NYTIMES after Harbinger went after its board....

"Asarco argued that shortly after Grupo Mexico bought Asarco for $817 million in 1999, it isolated the Southern Peru Copper shares from Asarco, leaving Asarco insolvent [and]... transferred its 54.2% interest in SPCC to Americas Mining Corporation (AMC) in March 31, 2003. Asarco claimed that the AMC dominated and controlled Asarco and forced Asarco to transfer its SPCC shares with the goal of placing the SPCC stock out of reach of creditors.

Asarco claimed that in order to facilitate financing for the SPCC transfer, AMC made "an improper, undisclosed handshake deal with its lender, Banco Inbursa,......whose principal owner is Mexico's richest man, Carlos Slim, "had together purchased approximately 90% of the bonds at deep discounts." "

http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=54788&sn=Detail


park was renovated as part of an agreement between mining company, ASARCO, the EPA, and the State of Arizona,

for a map of EPA regions see:
http://www.epa.gov/OUST/regions/regmap.htm

Google News Alert for: asarco
Central Arizona park re-dedicated after getting a makeover
ABC15.com (KNXV-TV) - Phoenix,AZ,USA
The park was renovated as part of an agreement between mining company, ASARCO, the EPA, and the State of Arizona, according to a news release. ...
See all stories on this topic

"The park was renovated as part of an agreement between mining company, ASARCO, the EPA, and the State of Arizona, according to a news release.

Updates to the park include new soil and sod, repainted playground equipment and walls, a new sprinkler system, and new rubber mulch around the climbing equipment.

Hayden Mayor Monica Badillo said during Saturday's festivities, “It’s fantastic that ASARCO finished this project ahead of schedule and was willing to put more funding than was required towards the park.  It shows how much they value the people in Hayden that they were willing to put in the extra effort.”"