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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Handshake™ who wrote (5892)9/2/1998 7:15:00 AM
From: Handshake™  Read Replies (1) | Respond to of 25548
 
Mike I know what they can do with their down payment lets call them and give them the suggestion. You and I should be on the negoiation committee.

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delayed 20 mins - disclaimer

Tuesday September 1, 4:22 pm Eastern Time
Company Press Release
ASARCO Completes Sale of Missouri Lead Business to Doe Run
NEW YORK--(BUSINESS WIRE)--Sept. 1, 1998--ASARCO Incorporated (NYSE:AR - news) today announced that it has completed the sale of the assets of its Missouri Lead Division to The Doe Run Company, a subsidiary of The Renco Group, Inc.

Asarco will realize in excess of $55 million in cash on the sale and will retain a royalty interest in the property.

Included in the sale are two underground lead mines, Sweetwater and West Fork, and the Glover smelter and refinery, all located in southeast Missouri. The Sweetwater mine produced 114 million pounds of lead in concentrates in 1997 and West Fork, 108 million pounds. The Glover refinery produced 254 million pounds of refined lead.

ASARCO Incorporated is one of the world's leading integrated producers of copper, as well as a producer of other metals, specialty chemicals and aggregates