" A Mexican online financial Web site estimates that tycoon Carlos Slim has a net worth of $67 billion...."
http://forums.techpowerup.com/showthread.php?t=34280
Scroll to end: click web view. Heather Mcmurray 's research uncovering poisoning of 1000 square miles around El Paso by Asarco smelter through what the EPA & US DOJ said was illegal burning of illegal hazardous/radioactive wastes 1991 to 1998. We have never been told what actinides, forever chemicals, dioxins etc are present from illegal Asarco actions(see 73 page 1998 conf. for settlement purposes only DOJ EPA Asarco doc,10/06 nytimes) see "Asarco secret document"
Please donate (see sidebar) to help recoup costs of the work to uncover and blog the information contained here"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
On the morning of the inauguration, when attention was focused on the peaceful transition of power from George Bush to Barack Obama, the NY Times disclosed that it had taken out a loan from Mexican financier Carlos Slim on terms that would shame the worst subprime lender:
The New York Times Co., which has been struggling with declining advertising sales and is facing deadlines to repay hundreds of millions in debt, is getting a $250 million infusion from Mexican telecommunications billionaire Carlos Slim.
The Times is paying a hefty price for the investment — an interest rate of 14 percent for the six-year notes —
and is giving Slim warrants that he could use to boost his stake in the company to 17 percent from the current level of 6.9 percent.
There is something ironic about the situation. The NY Times Editors have lambasted the mortgage industry for making subprime loans to the hispanic community. Now a hispanic is making a subprime loan to the NY Times. Maybe the NY Times should just say no to the money, or urge the passing of a law prohibiting such loans. Or maybe the NY Times is just waiting for its bailout package."
...meanwhile the longtime-planned expansion of the Canal St. water treatment plant (just downriver from Asarco) to deliver water to Juarez just never seemed to happen-- and after the Conejos-Medanos Aqueduct was announced, TCEQ quietly put up the picture showing ASARCO's plume reaching the Rio Grande the extent of its property....
"Carlos Slim Stages a Border Water Coup [Apr-Jun '09]
http://www.nmsu.edu/~frontera/today.html
In a flashy desert ceremony replete with mariachis and cheering supporters, Chihuahua Governor Jose Reyes Baeza kicked off a huge, new water supply and sanitation project for Ciudad Juarez on November 23. Designed to provide virtually the entire city with potable water while upgrading outdated wastewater treatment plants, the nearly $300 million public works project should be finished by 2009 or 2010, according to officials. Constructed to pipe in groundwater to existing low-income neighborhoods, the new Conejos-Medanos Aqueduct will be the crown jewel of the project. Once completed, the project could serve an estimated 345,000 residents of Ciudad Juarez. Funding for the water systems expansion will come from both the public and private sectors.
"Today we initiate this project of social transcendence," Gov. Reyes said. "Today this dream is made possible thanks to the joint efforts and work of the government, private enterprise and civil society." A much-needed benefit of the project, Gov. Reyes pledged, would be the elimination of the nasty-smelling wastewater spills that make life miserable for residents of neighborhoods like Riberas del Bravo. He called Conejos-Medanos the most important undertaking of his 3-year-old administration.
The water for the project will be drawn from the Conejos-Medanos aquifer that straddles the borderlands. Known as the Mesilla aquifer in the United States, the vital groundwater source supplies the city of Las Cruces, New Mexico, and other towns on the US side with drinking water. According to Ciudad Juarez and Chihuahua state officials, 23 new deep wells will be drilled to provide water for the Mexican side.
Once laid down, miles of new water distribution lines will add a flow of 1,000 liters per second to Ciudad Juarez's water supply, officials estimate. Manuel Herrera, a spokesman for Ciudad Juarez's Municipal Water and Sanitation Department, said each city resident currently consumes an average 280 liters of water every day, a figure which is 120 liters less than in 2000 when each resident used about 400 liters daily. Herrera affirmed that a concerted effort is underway to cut down on wasteful water use.
"We've arrived at these numbers due to the committed work of society and government," he said. "The results have been very positive."
The Conejos-Medanos project has implications for nearby US border communities. Greater tapping of the aquifer on the Mexican side will likely impact future water supplies in fast-growing southern New Mexico, where rapid development has become a growing political issue.
For example, the November 6 Las Cruces municipal election resulted in the election of a new mayor and city councilors considered to hold more growth-cautious positions.
In Mexico, the financing and management of the Conejos-Medanos project is certain to spark controversy. Standing out in the package is the concession granted to the Carso Infrastructure and Construction company (CISCA). Part of Mexican tycoon Carlos Slim's Grupo Carso, CISCA will invest about $100 million dollars in the project and be in charge of its construction. In return for the investment, the company was awarded a ten-year concession by the Chihuahua state government to sell water to Ciudad Juarez's municipal government. No further details about the agreement have been publicly released.
Barely unveiled, the Conejos-Medanos project is already drawing critical commentaries on Ciudad Juarez’s Lapolaka.com news website. One writer, for instance, noted the proximity of the project to sections of Ciudad Juarez witnessing land speculation and highway construction connected to new border economic development plans for the planned binational city of Jeronimo-Santa Teresa on the Chihuahua-Mexico border and Anapra across from Sunland Park, New Mexico. Mexican officials did not immediately disclose whether Conejos-Medanos will directly benefit the two envisioned border growth-zones.
In Mexican cities like Aguascalientes, meanwhile, private management of water supplies is generating public criticism of high rates and allegedly bad service. Last year, the Chihuahua City-based Community Technical Consultants banded together with 13 other farm, consumer and environmental organizations to launch a campaign in opposition to water privatization in Chihuahua.
Perhaps in a pre-emptive strike at nascent Conejos-Medanos critics, Gov. Reyes denied that the arrangement with Slim's Grupo Carso would produce economic hardships for water users.
"This will not have a direct impact on the people, on the bill they receive for home water consumption. We all pay water, sewage and sanitation. This is not going to have a negative repercussion on the economy of Juarez residents," Gov. Reyes contended. "The (Ciudad Juarez) water department, with its financial engineering, is going to cover the cost. The private investment has to be paid. The important thing here is that the department, with its financial management exercises every year, will cover this expense without impacting the population."
The Chihuahua state government's high-stakes investment in Conejos-Medanos was readily evident during the kick-off ceremony held at a desert stopping on the Jeronimo-Santa Teresa Highway just outside Ciudad Juarez. The event was attended by Ciudad Juarez Mayor Jose Reyes Ferriz (no relation to the governor), Chihuahua State Supreme Court Chief Justice Rodolfo Acosta Munoz, state elected officials and representatives of the Mexican army. Promised gifts in return for their attendance, hundreds of residents of low-income neighborhoods were transported to the ceremony on private buses.
"This is a project of life," said Uriel Chavez, one of the attendees, told the governor. "Thanks for thinking about us." Gov. Reyes, in turn, thanked Carlos Slim for making Conejos-Medanos a reality and invited the magnate for a toast of water once the project is done.
Sources: El Diario de Juarez, November 23 and 24, 2007. Articles by Luz del Carmen Sosa. Norte, November 24, 2007. Article by Salvador Castro. Frontenet.com, November 23, 2007. Articles by Felix Gonzalez. Lapolaka.com, November 23, 24 and 25, 2007. Ecoamericas.com, December 2006. Frontera NorteSur/Environment, September 2000. Las-cruces.org/vote007."
Asarco claimed that in order to facilitate financing for the SPCC transfer, AMC made "an improper, undisclosed handshake deal with its lender, Banco Inbursa,......whose principal owner is Mexico's richest man, Carlos Slim, "had together purchased approximately 90% of the bonds at deep discounts." "
http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=54788&sn=Detail
Central Arizona park re-dedicated after getting a makeover ABC15.com (KNXV-TV) - Phoenix,AZ,USA The park was renovated as part of an agreement between mining company, ASARCO, the EPA, and the State of Arizona, according to a news release. ... See all stories on this topic |
Mexico's Communications and Transport Ministry (SCT) was expected to
award the first concession in mid-October, the Chihuahua al Pacifico
short line, but rejected the bid of Grupo Mexico and South Orient
Railroad Co.--the only consortium that chose not to withdraw from the
proceedings--on Oct. 9 on the grounds that it did not come close enough
to the $50 million value that SCT set. Grupo Mexico/South Orient's ..."
26 | 4.9.2006 | Commercial Register Mutation | Asarco AG, in Zürich, CH-020.3.901.838-1, Finanzgeschäfte, Aktiengesellschaft (SHAB Nr. 167 vom 31. 08. 1998, S. 5999). New address: Usteristrasse 11, 8001 Zürich. Issue Nr. 23523 of 29.08.2006 (3532938 / CH02039018381) SOGC publication (PDF-File) |
100 | 31.8.1998 | Commercial Register Mutation | Asarco AG, in Zürich , Finanzgeschäfte, Aktiengesellschaft (SHAB Nr. 141 vom 25. 07. 1997, S. 5311). People deleted or signatures revoked: Beltracchi, Angela, von Basel, in Oberengstringen, Mitglied, mit Einzelunterschrift. Peoples registration new or modified: Haberthür, Urs, von Breitenbach, in Oberengstringen, Mitglied, mit Einzelunterschrift. |
google News Alert
Bankruptcy court allows Asarco to set up custodial trusts Reuters - USA June 8 (Reuters) - A US bankruptcy court gave copper miner Asarco LLC the go-ahead to set up custodial trust settlement agreements which will allow it to ... See all stories on this topic |