Bankruptcy judge backs Grupo Mexico over Sterlite in bid to regain Asarco operationsDENVER — A bankruptcy judge is recommending a revised bid from Sterlite Industries for the assets of Arizona miner Asarco LLC be rejected. He says the Grupo Mexico bid to regain control over Asarco is still superior. Asarco awaits bankruptcy court recommendation to determine future of AZ copper minerDENVER — A court will soon decide if Asarco LLC, the nation’s third-largest copper producer, will leave bankruptcy protection and return to Grupo Mexico’s control or be sold to India’s Sterlite Industries. |