January 2009 "Swiss commodities firm Glencore International AG ....has submitted a written proposal for a joint venture with Asarco LLC, a lawyer for the bankrupt U.S. copper miner said on Tuesday. Glencore, an Asarco creditor, previously said in court documents that it was interested in joining a bid to buy the assets. Asarco will consider the proposal along with a stand-alone plan it is putting together, company attorney Jack Kinzie told the bankruptcy court. Kinzie also said Asarco was still negotiating with Sterlite...."
http://www.reuters.com/article/euMergersNews/idUSN1341100020090113
Why is there a Swiss Bank named "ASARCO A.G." created in 1998-9? (Do a search on Katamanin in the blog search engine)
Monday, September 14, 2009
September 2009 SWISS Company Glencore developing open copper mine in Zambia where STERLITE owner is largest producer right now...
"Glencore's Zambia unit to start new copper mine...LUSAKA, Sep 9 (Reuters) - A unit of Swiss company Glencore International AG will develop an open pit copper mine in Zambia....Mopani Copper Mines (MCM), majority owned by Glencore, to develop an open pit mine in the Mindola ore body in Kitwe, 330 km north of Lusaka. ...Mopani was Zambia's second largest copper producer before new mines with higher output like Lumwana mine, owned by Equinox Minerals Ltd and Kansanshi mine, a unit of Canada's First Qunatum Minerals came on stream last year. The largest copper producer in this southern African country of 12 million people is Konkola Copper Mines (KCM), a unit of London-listed Vedanta Resources Plc [STERLITE]."
http://uk.biz.yahoo.com/09092009/323/glencore-s-zambia-unit-start-new-copper.html
http://uk.biz.yahoo.com/09092009/323/glencore-s-zambia-unit-start-new-copper.html
Subscribe to:
Posts (Atom)