Asarco Bankruptcy ends, and bring predictions "... that Grupo Mexico's total copper sales volumes should be propelled 43 percent year-on-year" as METAL PRICES RECOVER

"Google Web Alert for: asarco

PREVIEWGrupo Mexico profit seen up on Asarco copper prices ... WHAT: Grupo Mexico Q1 earnings results * WHEN: Friday, April 23 * REUTERS FORECAST: Net profit seen soaring year-on-year By Mica Rosenberg MEXICO CITY, ... in.reuters.com/article/.../idINN2021866520100420

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"MEXICO CITY, April 20 (Reuters) - Grupo Mexico, the nation's biggest copper miner, is set to report a sharp jump in quarterly results as ...metal prices recover, a Reuters poll showed.  Seven analysts consulted by Reuters estimated the company's (GMEXICOB.MX...) first-quarter net profit at $383 million, about 20 times year-earlier earnings of $19 million. Grupo Mexico won back control of Asarco in December, pulling the U.S. copper miner out of bankruptcy by winning a drawn-out court battle and outbidding India's Sterlite Industries Ltd...).  ...."In the first quarter that Asarco's results are fully consolidated, we estimate that Grupo Mexico's total copper sales volumes should be propelled 43 percent year-on-year," brokerage Grupo Bursatil Mexicano said in a report."

"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 ...

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"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)..."