Hafnium

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Wednesday, April 21, 2010

"Hiding behind the Goldman front, negative data is still weighing down copper.." Did this affect Grupo Mexico or ASARCO??

And who is making money on this?

Why won't our government disclose the still-secret poisons remaining in our community (El Paso TX) from what the EPA secretly told the Federal DOJ (1998) had been the burning of secret/unknown hazardous wastes for profit by ASARCO -- done over nearly ten years (and kept confidential from the community through a confidential EPA/DOJ ASARCO settlement agreement for another eight years?!)

"Google News Alert for: asarco
Goldman Fraud Charge Hits Copper Prices
Copper Investing News
Grupo Mexico will show benefits from its acquisition of Arizona's Asarco, ... Grupo Mexico won back control of Asarco in December, pulling the US copper ..."

"By Leia Michele Toovey- Exclusive to Copper Investing News" "As news over impending fraud charges against leading commodities player Goldman Sachs (NYSE:GS) hit the market last Friday, copper witnessed considerable downside. Risk averse investors jumped from their positions, sending copper plummeting to a three month low.... Hiding behind the Goldman front, negative data is still weighing down copper..."


Tuesday, April 20, 2010

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
"
"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."