Bankruptcy judge backs Grupo Mexico over Sterlite in bid to regain Asarco operations

Bankruptcy judge backs Grupo Mexico bid for Asarco DENVER ? A bankruptcy judge is recommending Grupo Mexico be allowed to regain control over copper miner Asarco LLC, saying its .2 billion bid is more likely to fully repay creditors than that of rival suitor Sterlite Industries. U.S. Bankruptcy Judge Richard Schmidt issued the finding late Monday, the [...]

Read this article...