Wednesday, April 30, 2008

Bids in for Asarco; decision at end of May

Reuters reports an attorney for Asarco said tonight the company received several bids for the bankrupt company but would not say who made them or how big they are. A decision on the offers will be made by the end of May, he said.

Asarco produces a reported 350-400 million pounds of copper annually domestically. It's 3 big open pit mines in Arizona are Mission, Ray, and Silverbell.

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