The copper-use recession has caused a major domestic copper supplier to reduce output this spring. Tucson, Ariz.-based copper company Asarco temporarily shut its rod and cake plants in Amarillo, Texas, last week and has revealed its plans to make periodic slowdowns at its copper refineries in Amarillo and Hayden, Ariz., beginning this week as a [...]
Sterlite Industries’ revised bid to acquire only the ‘operating assets’ of US-based Asarco is positive, even though the huge cost structure of Asarco and falling copper prices remain key concerns in the near-term. For full story, click here
As per a research agency reports, Sterlite Industries 1.7 billion dollars proposed acquisition of America’s third largest copper producer Asarco may face rival bids, even if it has entered into a buyout agreement with the US-based company. For full story, click here
India’s Sterlite Industries announced its plan to acquire Asarco LLC, a bankrupt US copper mining producer, for a payment of 1.7 billion dollars. The purchase by Sterlite, is a part of the move to become a diversified copper producer. For full story, click here
India’s Sterlite Industries has reduced its bid to buy bankrupt U.S. copper miner Asarco LLC to $1.4 billion-$1.5 billion, well below its last year’s offer of $2.6 billion, the Economic Times reported on Monday. For more information, click here
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