Thursday, April 9, 2009

Copper dominos - Grupo Mexico could lose control of Southern Copper


Bloomberg.com reports that Grupo Mexico's share of Phoenix-based Southern Copper could drop from 80% to 49.4% after they meet a district court judge's ruling to return about 30% of that companies shares to Asarco. Grupo Mexico plans on appealing the court order. [right, Cuajone mine. Credit, Southern Copper]