Hafnium

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Friday, October 1, 2010

"(AMM) Asarco's legal battles rage on despite Chapter 11 exit" Federal DOJ, TX/WA/MT lose big

"Google Alert
(AMM) Asarco's legal battles rage on despite Chapter 11 exit
Metalbulletin.com (subscription)
Asarco LLC's legal team received a reprieve Sept. 29 when a Texas judge denied substantial contribution claims made by the US government and three states in ..."


"NEW YORK 01 October 2010 Asarco LLC's legal team received a reprieve Sept. 29 when a Texas judge denied substantial contribution claims made by the U.S. government and three states in the company's Chapter 11 bankruptcy case. Judge Richard Schmidt of the U.S. Bankruptcy Court for the Southern District of Texas rejected applications by Texas, Washington, Montana and the U.S. Department of Justice for more than $22 million in fees and expenses associated with Asarco's bankruptcy. According to Schmidt's memorandum opinion, the government movants had already received payment in previously settled environmental claims. "

"Mine giant Grupo Mexico gains upper hand in Sonora : Asarco workers here worry that union losses in Cananea dispute could carry over"

http://azstarnet.com/business/local/article_413da48c-6854-5956-881f-5d70a8551b27.html

"
CANANEA, Sonora - The Mexican conglomerate that owns Tucson-based Asarco LLC is winning a long labor conflict south of the border, a victory that could reverberate across North America....Arizona mining contractors, such as Tucson-based Modular Mining Systems, are benefiting from the re-opening of the massive mine by making sales there....This outsourcing of labor tells Bensusan, the Mexico City researcher, that Grupo Mexico is winning in its effort to undercut independent unions...."