Hafnium

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Tuesday, April 20, 2010

"Analysts consulted by Reuters expect [Asarco owner --- GMEXICOB.MX] first-quarter net profit will soar almost 2,000 percent"

Predictions of 2000 percent (two thousand!) net profit increases for Grupo Mexico come as the El Paso TX Asarco Trustee and others continue to stonewall the community (and international JAC committee's) request for data and information on the years of secret hazardous waste disposal (incineration) by the ASARCO El Paso (and E. Helena MT) smelters.  

"Google News Alert for: asarco

Mexico peso, stocks gain on US earnings optimism
Reuters
MX) first-quarter net profit will soar almost 2000 percent after Grupo Mexico regained control of Arizona copper miner Asarco in December by outbidding ...
"
"Miner Grupo Mexico (GMEXICOB.MX) rose 1.25 percent to 35.78 pesos. Analysts consulted by Reuters expect the company's (GMEXICOB.MX) first-quarter net profit will soar almost 2,000 percent after Grupo Mexico regained control of Arizona copper miner Asarco in December by outbidding India's Sterlite Industries Ltd (STRL.BO). [ID:nN20218665].....However, a recent legal appeal by Sterlite pushed HSBC to downgrade the Mexican miner's stock to "neutral" from "overweight" in a report on Tuesday. (Reporting by Michael O'Boyle; Editing by Leslie Adler)..."

Saturday, April 17, 2010

"Gmexico subsidiary SCC has proposed the issuance of up to $1.5 billion in long-term, fixed-rate, senior unsecured notes"

Google Web Alert for: asarco bankruptcy
Research Update: Grupo México, Americas Mining 'BBB-' Corporate ...
Americas Mining Corp. has consummated its bankruptcy plan for Asarco LLC. We are removing our ratings on Gmexico and subsidiaries from CreditWatch and ...
www.alacrastore.com/.../s-and-p-credit-research-Research_Up...

"Gmexico subsidiary SCC has proposed the issuance of up to $1.5 billion in long-term, fixed-rate, senior unsecured notes, with proceeds to be used for financing capital expenditures and for general corporate purposes....The stable outlook on Gmexico and AMC reflects our expectation that, over the next few years, they will continue to report adequate financial metrics, while AMC's debt levels continue to decrease. On April 6, 2010, Standard&Poor's Ratings Services affirmed its 'BBB-' corporate credit ratings on Mexico-based..."