Grupo Mexico Scraps Southern Copper, Asarco Merger Proposal
Bloomberg reported that Grupo Mexico (OTC Pink:GMBXF) has decided not to pursue a merger of two of its mining businesses.
Articles Tagged "Mexico"
Southern Silver Discovers New Mineralized Zone and Confirms the Extension of the Mina Santo Nino Chimney at Cerro Las Minitas
Southern Silver Exploration Corp. (CVE:SSV,FRA:SEG) announced positive assay results from the Cerro Las Minitas Project in Mexico.
Southern Silver Exploration Corp.- A Precious and Base Metal Exploration Company
Southern Silver Exploration Corp. (CVE:SSV, FSE:SEG) is a publicly traded Canadian-based precious and base metal exploration company. The Company’s directors, professional staff and consultants are focused within North America on financial growth and have extensive technical expertise in the acquisition, exploration and responsible development of potential major mining ventures in Mexico, New Mexico and Arizona.
Virgin Metals – Advanced Copper Projects in Mexico
Virgin Metals Inc. has recently completed a financing and will be moving forward with exploration on its two copper projects in Mexico.
Southern Copper profit slipped 68% as prices plunged
Southern Copper, the largest copper producer in Peru and Mexico, posted a 68 percent dip in second-quarter profit on slumping metals prices. For full story, click here
Southern Copper profit slipped 68% as prices plunged
Southern Copper Corp, the leading copper producer in Peru and Mexico, posted a 68 percent dip in second-quarter profit on slumping metals prices. Rodrigo Suazo, a mining analyst at brokerage SAB Centura, stated: We expected a negative result with such a big drop in metals prices. For full story, click here
Grupo Mexico has topped Sterlite's offer for Asarco
Grupo Mexico has offered to pay $2.9 billion for purchasing bankrupt copper producer, Asarco, which it earlier owned. The company has raised its offer from the earlier offer of $1.6 billion against Sterlite Industries’ $ 1.7 billion proposal. Sandeep Bharadwaj of Tower Capital and Securities stated: If they do go for the bid then it [...]
Stingray Copper unveiled study results for El Pilar Copper project
Stingray Copper Inc. declared the results of the definitive Feasibility Study on the Corporation’s 100% owned El Pilar oxide copper project located in Sonora, Mexico. Peter Mordaunt, Chairman and CEO of Stingray, stated: Our objectives, milestones and time table established 2 years ago have been realized both on time and on budget. For full story, [...]
Group Mexico to lose control of Southern Copper
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 [...]
Court returns Southern Copper stock to Asarco
Grupo Mexico announced that it will study a U.S. federal judge’s ruling ordering its subsidiary Americas Mining Corporation return 260,093,694 shares of Southern Copper Corporation stock, worth $4.68 billion and pay $1.35 billion in monetary damages to Asarco. For full story, click here
