Copper Investing News » Group Mexico to lose control of Southern Copper

Group Mexico to lose control of Southern Copper

April 9, 2009 @ 4:56 am In Copper Company News

According to court papers filed by Asarco LLC, Group Mexico SAB, Mexico's leading mining company, may lose control of Southern Copper Corp. under a ruling issued by a U.S. judge last week.

Analyst Rodrigo Heredia, with Ixe Casa de Bolsa SA in Mexico City, stated:

There are some indications this could end positively for Grupo Mexico.

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[1] here: http://www.bloomberg.com/apps/news?pid=20601086&sid=agYGm.dJspRc&refer=latin_america