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- Fitch Upgrades Grupo Mexico, Minera Mexico & AMC; Assigns SPCC LC Rating
- CHICAGO -- Fitch Ratings has upgraded the local and foreign currency ratings assigned to Grupo Mexico, S.A. de C. V. Grupo Mexico to 'BB' from 'B-', Rating Watch Positive. The Rating Outlook for Grupo Mexico's ratings is now Stable. Fitch has also upgraded the local and foreign currency ratings...
- Research articles 2005-01-21
- Fitch Ratings Downgrades Bonds Of Asarco To 'C'
- Business Editors CHICAGO--BUSINESS WIRE--Jan. 30, 2003 Fitch Ratings has downgraded the ratings of Asarco Incorporated's Asarco bonds due in 2003, 2013 and 2025 to 'C' from 'CCC-'. This rating action signals Fitch's view that the company will likely not make a $100 million principal payment on February...
- Research articles 2003-01-30
- Asarco Signs Agreement with Bank Consortium; Credit Maturity Date Extended to Jan. 31
- Business Editors PHOENIX--BUSINESS WIRE--Nov. 15, 2002 Asarco Inc., a subsidiary of Grupo Mexico, S.A. de C.V., today signed an agreement with a consortium of lenders, led by JP Morgan Chase, to provide additional time for the company to repay a revolving credit line of $450 million, which originally...
- Research articles 2002-11-15
- Asarco Pays $50 Million Maturity of Public Bonds; Seeks to Adjust Credit Terms in Discussions With Banks
- Business Editors PHOENIX--BUSINESS WIRE--Dec. 3, 2001 Asarco, Inc., a subsidiary of Grupo Mexico S.A. de C.V., announced the payment of $50 million plus interest on its public bond issue, which matures today. Under the bond program issued by Asarco, the next payment is due in 2003 followed...
- Research articles 2001-12-03
- Mexico: Asarco to lay off zinc miners.
- Mexico, Oct 9, 2001 Asarco Inc, a US subsidiary of Mexican mining group Grupo Mexico, is to lay off workers and reduce production in the next few days at its three zinc mines in Tennessee as well as its Knoxville installations. Asarco employs 363...
- Research articles 2001-10-10
- ASARCO to Consolidate Corporate Functions in Arizona
- Business Editors NEW YORK--BUSINESS WIRE--July 25, 2000 ASARCO Incorporated announced today that it will consolidate all corporate functions in Arizona by the end of the year. The company has transferred many of its corporate functions from New York to Arizona in recent months, following acquisition of the company...
- Research articles 2000-07-25
- Mexico Firm Completes Purchase of New York-Based Mining Company.
- Knight Ridder/Tribune Business News Knight Ridder/Tribune Business News
- Research articles 1999-11-17
- Mexican Copper Giant to Acquire New York-Based Asarco.
- Knight Ridder/Tribune Business News Oct. 26 -- Giving Mexico's largest copper company an entry into the U.S. market, Asarco Inc. said Monday that it has signed an agreement to merge with Grupo Mexico. Grupo Mexico, with headquarters in Mexico City, will acquire...
- Research articles 1999-10-27
- This month in mining: Merger mania
- Driven by more than a year of depressed prices, the overwhelming trend in the corporate mining world has been toward mergers. The latest merger commotion started July 15 in the copper industry when Asarco Inc. and Cyprus Amax Minerals Co. agreed to a "merger of equals." In the following...
- Research articles 1999-11-01
- Osborne Reviews Second Quarter Asarco Developments, Discusses Market Outlook with Analysts
- NEW YORK--BUSINESS WIRE--August 1, 1997--Richard de J. Osborne, chairman, president and chief executive officer of ASARCO Incorporated (NYSE:AR) today reviewed major developments at the Company during the second quarter, discussed Asarco's plans for the future and provided the Company's current view of the copper market for security analysts here. ...
- Research articles 1997-08-01
- Asarco chairman outlines third quarter results for analysts
- NEW YORK, N.Y., Oct. 27, 1995--BUSINESS WIRE--ASARCO Inc. (NYSE:AR) had improved earnings and growing copper production and reserves in the third quarter of 1995 compared with the same period in 1994, according to Asarco Chairman and Chief Executive Officer Richard de J. Osborne. Osborne also discussed termination of Asarco...
- Research articles 1995-10-27
- Shareholders Elect Six Asarco Directors; Osborne Outlines Year's Gains
- NEW YORK--BUSINESS WIRE--April 26, 1995--ASARCO Incorporated (NYSE:AR) shareholders today elected six directors, rejected a shareholder proposal concerning non-employee director pension benefits and approved the selection of Coopers & Lybrand as the Company's independent auditors at the Company's annual meeting here.Elected to three-year terms on the board were: James W. Kinnear,...
- Research articles 1995-04-26
- Asarco Reports Fourth-Quarter And Full-Year Results
- NEW YORK--BUSINESS WIRE-- January 25, 1995--ASARCO Incorporated (NYSE:AR) today reported net earnings of $48.2 million, or $1.15 per share, for the fourth quarter of 1994, compared with $73.7 million, or $1.78 per share, for the fourth quarter of 1993. Results for the fourth quarter of 1993 included recognition of $18.2...
- Research articles 1995-01-25
- Asarco Reports On Strategic Plans
- NEW YORK--BUSINESS WIRE--Dec. 1, 1994 -- ASARCO Incorporated (NYSE:AR) has made significant progress in achieving its strategic objectives to increase shareholder value, according to Richard de J. Osborne, Chairman of the Board, President and Chief Executive Officer of the Company. Mr. Osborne today outlined steps taken recently...
- Research articles 1994-12-01
Additional Resources
- Grupo Mexico, S.A. de C.V. Strategies for Southern Peru Copper Corporation
- MEXICO CITY--BUSINESS WIRE--Dec. 17, 1999-- Grupo Mexico, S.A. de C.V., which recently acquired 100% of Asarco Inc. and consequently 54.3% of Southern Peru Copper Corporation ("SPCC"), today has called for a Meeting of the Board of Directors of SPCC to be held, Friday, December 17, 1999 at 6:00 p.m....
- Research articles 1999-12-17
- Fitch Releases Credit Analysis of Grupo Mexico & Subsidiaries
- Business Editors CHICAGO--BUSINESS WIRE--April 26, 2004 Fitch Ratings has released a Credit Analysis of Grupo Mexico, S.A. de C.V. Grupo Mexico and its subsidiaries. This report explains Fitch's rating rationale for the six-rated entities, including Grupo Mexico, Americas Mining Corporation AMC, Minera Mexico, S.A. de C.V. MM, Southern...
- Research articles 2004-04-26
- Fitch Releases Credit Analysis of Grupo Mexico & Subsidiaries
- CHICAGO -- Fitch Ratings has released a credit analysis of Grupo Mexico, S.A. de C.V. Grupo Mexico and its subsidiaries. This report explains Fitch's rating rationale for the six-rated entities, including Grupo Mexico, Americas Mining Corporation AMC, Southern Peru Copper Corporation SPCC, Minera Mexico, S.A. de C.V. Minera Mexico, Asarco,...
- Research articles 2005-07-15
- Grupo Mexico Completes Sale of ASARCO's Specialty Chemicals Division for $503 Million
- Business Editors MEXICO CITY--BUSINESS WIRE--Jan. 13, 2000 Grupo Mexico, S.A. de C.V. announced today that it has completed the sale of the specialty chemicals division of its recently acquired subsidiary, ASARCO Incorporated, which was held through Enthone-OMI, Inc. and certain other related companies, for $503 million plus the...
- Research articles 2000-01-13
- Asarco Announces Plans to Suspend Zinc Operations in Tennessee
- Business Editors PHOENIX--BUSINESS WIRE--Oct. 29, 2001 Asarco Inc., a subsidiary of Grupo Mexico S.A. de C.V., Monday announced plans to indefinitely suspend zinc mining and processing operations at its Tennessee Mines Division by mid-November as a result of low zinc prices, which have fallen by 30 percent over...
- Research articles 2001-10-29
- Asarco Announces Additional Curtailment At Mission Mine and Reduces Refinery Production Due to Smelter Closure
- Business Editors PHOENIX--BUSINESS WIRE--Nov. 30, 2001 Asarco, Inc., a subsidiary of Grupo Mexico S.A. de C.V., today announced an additional curtailment in copper ore production at its Mission mining complex in southern Arizona by 23 percent due to poor copper market conditions. The reduction, which will be...
- Research articles 2001-11-30
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