Hafnium

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Thursday, September 3, 2009

Mexico stocks begin rebound now

"Mexico's IPC equity index rose 0.7% to 27,927 as investors hunted for bargains ...shares of Grupo Mexico added [3.5%] to their 14% surge from the previous session after a judge's ruling puts the company closer to regaining control of Asarco LLC, an Arizona mining company that it had lost control of in 2005 in the wake of Asarco's bankruptcy filing.

Market heavyweight Petrobras' (PBR) shares climbed 2.4% after BP (BP) said it made a "giant" discovery of oil in the Gulf of Mexico. Petrobras said in a statement that its Petrobras America subsidiary holds a 20% stake in the project. ConocoPhillips (COP) holds an 18% stake and BP has a 62% stake."
http://money.cnn.com/news/newsfeeds/articles/djhighlights/200909021557DOWJONESDJONLINE000579.htm


Wednesday, September 2, 2009

Hon Hai (Foxconn) shows record profits (So does Grupo Mexico)

" 'The Mexico [Tijuana/Baja] site is Sony’s main TV production base, and selling that suggests the company may be selling other smaller sites.'
— Kota Ezawa, Citigroup analyst" [Citigroup is an ASARCO principle bondholder, and Foxconn has become the anchor-maquiladora for the new international city being built within the toxic-shadow of the El Paso ASARCO smelter]

"Hon Hai, the world’s largest contract maker of electronics, gained 6.8 percent to close at NT$118.5 on the Taipei Stock Exchange, the highest level since Aug. 29 last year. The company on Monday posted its first profit increase in five quarters, beating analysts’ estimates. Second-quarter net income rose 27 percent to NT$15.1 billion (US$460 million) from a year earlier."

[both Grupo Mexico and Hon Hai are showing recent record profits.  Meanwhile, the community of El Paso Texas gets @52 million to "remediate" 110 years of Asarco's legal and illegal incineration activities -- many of the remaining contamination has NOT BEEN DISCLOSED.  The EPA has documentation saying that contamination is in our Rio Grande, the Hueco bolson, our soils and redistributed through our airshed.]

http://www.taipeitimes.com/News/biz/archives/2009/09/02/2003452602