PROFILE |
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ASARCO, a subsidiary of diversified mining company Nueva Grupo Mexico (formerly Grupo Mexico), is a leading miner, refiner, and smelter of nonferrous metals. ASARCO has mines in the US, Canada, and Peru, where it extracts copper and zinc. ASARCO's holdings include 54% of Southern Peru Copper and 50% of a copper-molybdenum mine in Montana. ASARCO has traded off most of its silver assets to partner Coeur d'Alene in exchange for a 19% stake in that company. Nueva Grupo Mexico acquired ASARCO after winning a bidding war with rival Phelps Dodge. It then sold ASARCO's American Limestone aggregates business and its specialty chemicals producer Enthone-OMI.
COMPETITION |
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BHP Billiton (BHP)
Phelps Dodge Corporation (PD)
Rio Tinto plc (RTP)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1998 Sales (mil.): 2,233.10
1-Yr. Sales Growth: (17.9)%
Employees: 11,100
Revenue per employee: $201,180.18
KEY PEOPLE |
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German Larea Mota-Velasco
CEO
Daniel Tellechea Salido
CFO
CONTACT INFO |
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180 Maiden Ln.
New York, NY 10038
US
Phone: 212-510-2000
Fax: 212-510-1855
Online: Web Site
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