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Asarco revises reorganization plan

Posted on March 18, 2009 11:45 AM

Having recently struck a new purchase agreement and a billion-dollar settlement of environmental claims, bankrupt copper smelting and mining company Asarco LLC has cast a revised reorganization plan.

Judge Richard Schmidt of the U.S. Bankruptcy Court for the Southern District of Texas in Corpus Christi is set to consider approval of the disclosure statement for the plan on April 28, said debtor counsel Jack Kinzie of Baker Botts LLP.

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