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Latest ASARCO Stories

2014-10-22 08:24:16

MUMBAI, October 22, 2014 /PRNewswire/ -- Sesa Sterlite Limited announces that it has received the necessary approval from Reserve Bank of India for remittance of US$82.75 million to Asarco LLC in order to satisfy the Judgment of the US Bankruptcy Court. Subsequently, pursuant to a settlement agreement entered on Oct 17, 2014 between the parties, the Company has paid the approved amount to Asarco LLC and the parties have settled all their claims against each other in this...

2011-01-26 17:12:00

Union Condemns Retaliation for Defense of Cananea Miners at Grupo Mexico PITTSBURGH, Jan. 26, 2011 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today condemned the arrest of one of its international representatives by Mexican customs officers on Monday. (Logo: http://photos.prnewswire.com/prnh/20080131/DC12982LOGO) Manny Armenta, a USW sub-district director in Albuquerque, NM, was arrested while on his way to meet with attorneys for the Mexican mineworkers' union called Los...

2010-12-23 15:00:00

APACHE JUNCTION, Ariz., Dec. 23, 2010 /PRNewswire/ -- Gryphon Resources Inc. ('Gryphon' or the 'Company'), (OTC Bulletin Board: GRYO), reported today it has raised US$150,000 to increase funding for its two mineral exploration projects in Arizona, USA. President and CEO Alan Muller commented, "We've been working hard over the last two months to form working plans for our lithium project and our gold, copper-porphyry project and parallel with this have been concerted efforts to raise...

2010-12-01 05:00:00

APACHE JUNCTION, Ariz., Dec. 1, 2010 /PRNewswire-FirstCall/ -- Gryphon Resources Inc. ('Gryphon' or the 'Company') (OTC Bulletin Board: GRYO) announced today it entered a Letter of Intent for an option to purchase mineral exploration rights located in Pinal County, south-central Arizona, USA with potential for gold and copper-porphyry reserves. President and CEO Alan Muller reported, "Yesterday we completed an extended negotiation to acquire exploration rights to the 560 acre 'Cruce...

2010-09-02 15:01:00

PITTSBURGH, Sept. 2 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today condemned Grupo Mexico SAB, Mexico's largest mining company, for a mass firing of workers at its copper smelter in Esqueda, Sonora after the miners rejected a company-imposed union in a vote late last month. (Logo: http://photos.prnewswire.com/prnh/20080131/DC12982LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20080131/DC12982LOGO) "This blatant act of repression clearly puts Grupo Mexico's anti-union...

2009-12-10 13:47:00

Largest Recovery of Money for Hazardous Waste Clean Up Ever WASHINGTON, Dec. 10 /PRNewswire-USNewswire/ -- As a result of the largest environmental bankruptcy in U.S. history, $1.79 billion has been paid to fund environmental cleanup and restoration under a bankruptcy reorganization of American Smelting and Refining Company LLC (ASARCO), the Justice Department, Environmental Protection Agency, Department of the Interior and Department of Agriculture announced today. ASARCO is a leading...

2009-12-08 12:17:00

SPOKANE VALLEY, WA, Dec. 8 /PRNewswire-FirstCall/ - Revett Minerals Inc., Spokane Valley, Washington ("TSX-RVM") ("Revett" or the "Company") is pleased to provide an update on its Rock Creek silver/ copper development project. The Rock Creek asset, located in northwestern Montana within the same geological trend as the Company's currently producing Troy Mine, contains an estimated 229 million ounces of silver and 2 billion pounds of copper. The original exploration program, conducted by...

2009-11-16 10:51:00

PITTSBURGH, Nov. 16 /PRNewswire-USNewswire/ -- On Friday, November 13, the United States District Court in Brownsville, Texas issued an order in the ASARCO LLC chapter 11 bankruptcy confirming a plan of reorganization proposed by Asarco, Inc., an entity controlled by Mexico City-based conglomerate Grupo Mexico. (Logo: http://www.newscom.com/cgi-bin/prnh/20080131/DC12982LOGO ) "The USW is certainly disappointed with the District Court's decision. We are reviewing the...

2009-11-09 14:42:00

EL PASO, Texas, Nov. 9 /PRNewswire-USNewswire/ -- Nineteen members of the United Steelworkers (USW) union who were employed at the Asarco smelter in El Paso will receive full pension benefits as a result of an arbitrator's decision issued late last week. (Logo: http://www.newscom.com/cgi-bin/prnh/20080131/DC12982LOGO ) "Each of these former employees worked at the El Paso smelter for over 20 years," said Bob LaVenture, USW District 12 Director. "They should have received these benefits...

2009-06-17 11:57:00

CAMBRIDGE, Mass., June 17 /PRNewswire/ -- Testimony provided by The Brattle Group contributed to the recent approval of ASARCO LLC's motion to settle environmental claims at 53 sites nationwide for $1.1 billion. The settlement was one part of ASARCO LLC's bankruptcy proceeding in the Southern District of Texas/Corpus Christi Division. Previously settled environmental claims had a value of $530 million, bringing the overall environmental settlements to approximately $1.6 billion. Gayle Koch...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.