Hafnium

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Wednesday, August 4, 2010

ASARCO AMC SOUTHERN COPPER merger agreement being advised by Morgan Stanley and Skadden, Arps, Slate, Meagher & Flom LLP

SEC filing for AMC ASARCO SOUTHERN COPPER merger includes the following exhibit: 99.1

..."Our proposal is conditioned on, among other things: the negotiation and execution of a mutually satisfactory definitive merger agreement and related agreements and the satisfaction of the conditions set forth therein; the recommendation of the Transaction, the terms thereof and any agreement or agreements relating thereto by a committee of independent directors of Southern Copper to the Board of Directors of Southern Copper; approval of the Transaction and definitive merger documentation by the Boards of Directors of Southern Copper and Grupo México and the Board of Directors and sole stockholder of AMC; AMC’s satisfaction, in its sole discretion, with the results of its due diligence review of Southern Copper; receipt of any governmental and of existing lender and other third-party consents and approvals; and the absence of a material adverse change in the business, results of operations, financial condition, assets, liabilities and prospects of Southern Copper.

We have assembled a team of advisors including Morgan Stanley and Skadden, Arps, Slate, Meagher & Flom LLP..."

Tuesday, August 3, 2010

ASARCO Bankruptcy is over, but workers remain sick

"Ex-Asarco employees seek reason for illnesses by Chris Roberts \ EL PASO TIMES"

" 'Records of the chemicals processed at the plant have been incomplete and in most cases unavailable...'   'People want to cover it up, take down the smokestacks and forget this ever happened,' ...'They (employees) gave this company decades of their healthy years, and all they get is pain.'     Calls to the Asarco headquarters in Tucson seeking comment for this story were not returned."