Indian-based Sterlite Industries execs have been in Arizona looking at their possible new purchase – Asarco LLC. The Arizona Daily Star reported yesterday that Sterlite proposes doubling production at Asarco facilities. Asarco operates three copper mines in Arizona and is the 3rd largest copper producer in the U.S.
Meanwhile, the judge handling the case also said Asarco parent Grupo Mexico could offer its own bankruptcy reorganization plan after July 2.