History : ASARCO on the island of Newfoundland

Google News Alert for: Asarco

Globe and Mail The mining town where poisoned soil is 'a part of life' Globe and Mail It paved the way for industry advancement, but also drew international attention to the tiny town, giving the US mining firm ASARCO (American Smelting and ... See all stories on this topic

"By 1928, it had constructed a mine and mill, bunkhouses and cottages for married workers, a mess hall, church, school, hospital and hydro-electric plant. The company controlled it all, including a ban on outside vendors and the use of a 37-kilometre railroad track to Millertown.

“You didn't get in unless you worked with the company; you didn't get out unless you had a company pass,” said Mr. Corbett, the mayor. “This was a company town for a long, long time. For years, if a miner passed away, his family was given two weeks to vacate.”

Over time, fierce labour strikes were staged over living and working conditions – extra blankets in the bunk house and raises measured by nickels and dimes –"

Just one ASARCO Bankruptcy Attorney-firm will make almost twice the amount that the entire Paso del Norte Region will get for the whole clean-up

"Baker Botts, Asarco’s law firm, took in $2.5 million in August for its work on the case, bringing the firm’s total payments to more than $104 million during the bankruptcy."

"A doctor tells a rich old man that he's going to die if he doesn't get a new heart soon. The old man tells the doctor to search the world for the best heart available, money is no object. A few days later the doctor calls the old man and says he has found three hearts but they are all expensive. The old man reminds the doctor that he is filthy rich and implores him to tell him about the donors they came from.....'Well this one belonged to a 58 year-old man, smoked three packs of cigarettes a day, weighed over 300 pounds, never exercised, drank like a fish... this heart is going for $500,000!!!' 'Five-hundred grand?!?!', the old man exclaimed, 'why so expensive?'

'Well', said the doctor, 'this heart belonged to a lawyer... so it was never used!'"  http://www.geocities.com/Tokyo/Villa/3059/

Google News Alert for: asarco bankruptcy

Asarco keeps profiting in bankruptcy Arizona Daily Star - Tucson,AZ,USA Since filing for bankruptcy in August, 2005, four years ago, Asarco has made a profit of about $1.54 billion, while pulling in revenue of $5.47 billion.