Tucson CitizenTucson Citizen

Tucson-based Asarco selling assets to Sterlite

Bankrupt Tucson-based Asarco agreed to sell all its copper mining assets to a subsidiary of Sterlite Industries of India for $1.7 billion, Asarco announced Friday.

This includes the Mission, Silver Bell and the Ray open-pit mines near Tucson.

The sale, which involves $1.1 billion in cash and a nine-year promissory note for $600 million, requires bankruptcy court approval. Until then Asarco can still shop for other buyers.

Asarco, with 2,500 employees, is the third largest copper producer in the United States, and Sterlite is India’s largest copper producer.

The Asarco mines have an estimated 5 million tons of copper. Asarco sold 237,000 tons of refined copper in 2008 with revenue of $1.9 billion, the company reported.

Citizen Online Archive, 2006-2009

This archive contains all the stories that appeared on the Tucson Citizen's website from mid-2006 to June 1, 2009.

In 2010, a power surge fried a server that contained all of videos linked to dozens of stories in this archive. Also, a server that contained all of the databases for dozens of stories was accidentally erased, so all of those links are broken as well. However, all of the text and photos that accompanied some stories have been preserved.

For all of the stories that were archived by the Tucson Citizen newspaper's library in a digital archive between 1993 and 2009, go to Morgue Part 2

Search site | Terms of service