"...Mexico’s largest mining company Grupo Mexico SAB increased its offer for bankrupt Asarco Llc. by $240 million (around Rs1,164 crore) to $3.1 billion, spokesman Juan Rebolledo said on Wednesday in a telephone interview. Grupo Mexico is raising its cash offer by $210 million for Asarco, Rebolledo said. A payment note for asbestos plaintiffs will be increased from $250 million to $280 million, he said..."
Wednesday, June 24, 2009
20090624 Grupo Mexico raises BID to 3.1 Billion dollars
Grupo Mexico raisesAsarco offer to $3.1 bn
"...Mexico’s largest mining company Grupo Mexico SAB increased its offer for bankrupt Asarco Llc. by $240 million (around Rs1,164 crore) to $3.1 billion, spokesman Juan Rebolledo said on Wednesday in a telephone interview. Grupo Mexico is raising its cash offer by $210 million for Asarco, Rebolledo said. A payment note for asbestos plaintiffs will be increased from $250 million to $280 million, he said..."
"...Mexico’s largest mining company Grupo Mexico SAB increased its offer for bankrupt Asarco Llc. by $240 million (around Rs1,164 crore) to $3.1 billion, spokesman Juan Rebolledo said on Wednesday in a telephone interview. Grupo Mexico is raising its cash offer by $210 million for Asarco, Rebolledo said. A payment note for asbestos plaintiffs will be increased from $250 million to $280 million, he said..."
Monday, June 22, 2009
Vedanta Resources PLC (one of three companies bidding on ASARCO)...
"UK companies linked to devastating Indian mine [by] Andrew Wasley 19th June, 2009 ....Plans to bulldoze an Indian mountain sacred to local people were controversial enough... before shareholder data revealed that a raft of UK household names, ranging from Jaguar cars to the Church of England, own shares in the company behind the mine, Vedanta Resources plc....
....Also listed as shareholders are Axa Sun Life Assurance Society, Jaguar Cars Pension Plan, Land Rover Pension Trustees Ltd, Unilever Pension Fund and Coors Brewers Pension Fund."
http://www.theecologist.org/trial_investigations/272286/uk_companies_linked_to_devastating_indian_mine.html
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