Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 12, 2016 4:51 PM ET

Metals and Mining

Company Overview of ASARCO LLC

Company Overview

ASARCO LLC operates as an integrated copper mining, smelting, and refining company. Its products include continuously cast copper rods, semi continuous-cast copper cakes, and cathodes. The company’s products also include bismuth selenide for producing lead-free brass products that are used in the manufacture of water meters, faucets, and other potable water carrying devices; and tellurium that is used for electronic applications, such as thermoelectric materials, infrared sensors, photoconductors, and photovoltaic cells, as well as for rubber and chemical industries. The company was founded in 1899 and is based in Tucson, Arizona with copper mines, associated mills, copper smelters, SX/EW pl...

5285 East Williams Circle

Suite 2000

Tucson, AZ 85711-7711

United States

Founded in 1899

11,100 Employees

Phone:

520-798-7500

Fax:

520-798-7780

Key Executives for ASARCO LLC

President and Chief Operating Officer
Chief Financial Officer and Vice President
Treasurer
Assistant Secretary
Vice President of Administration
Age: 68
Compensation as of Fiscal Year 2015.

ASARCO LLC Key Developments

National Labor Relations Board Issues Third Consolidated Complaint Against Asarco Unfair Labor Practices Include Unlawfully Implementing

The United Steelworkers (USW) announced that Region 28 of the National Labor Relations Board (NLRB) has issued a third consolidated complaint against Asarco, LLC, which includes an allegation that the company unlawfully implemented portions of its so-called last, best and final contract proposal on Dec. 1, 2015, in the absence of a bargaining impasse. Among the conditions Asarco unilaterally changed were provisions affecting workers scheduled hours and overtime pay calculations as well as modifications to quarterly bonus payments based on the price of copper. The NLRB accuses Asarco management of discrimination and other practices aimed at interfering with workers exercising rights guaranteed by federal labor laws. The NLRB issued two previous consolidated complaints against Asarco for unfair labor practices that include failing and refusing to negotiate with the unions which represent workers at the Grupo Mexico subsidiarys five U.S. facilities. More than 2,000 hourly production and maintenance employees represented by eight international unions have continued to work at Asarcos copper mines and processing facilities under the terms and conditions of a labor agreement that originally expired in June 2013 but was extended until the parties terminated it in June 2015. Since then, as the NLRB spells out in a previous complaint, Asarco management unilaterally changed working conditions at the facilities on multiple occasions without first negotiating over the changes with union representatives as required by law. In some cases, the NLRB notes, Asarco management did not even notify the unions before changing the terms and conditions of employment. The NLRB has scheduled a hearing on March 15, 2016, when an administrative law judge will review evidence against Asarco and listen to testimony in the case.

National Labor Relations Board to Prosecute Asarco LLC for Unfair Labor Practices

The United Steelworkers said that Region 28 of the National Labor Relations Board has issued a Consolidated Complaint against Asarco, LLC, alleging that the company has committed multiple unfair labor practices, including failing and refusing to negotiate with the unions which represent workers at the Grupo Mexico subsidiary's five U.S. facilities. More than 2,000 hourly production and maintenance employees represented by eight international unions have continued to work at Asarco's copper mines and processing facilities under the terms and conditions of a labor agreement that originally expired in June 2013 but was extended until the parties terminated it in June 2015. Since then, as the NLRB spells out in its complaint, Asarco management unilaterally changed working conditions at the facilities on multiple occasions without first negotiating over the changes with union representatives as required by law. In some cases, the NLRB notes, Asarco management did not even notify the unions before changing the terms and conditions of employment. The NLRB has scheduled a hearing on Jan. 12, 2016, when an administrative law judge will review evidence against Asarco and listen to testimony in the case.

Asarco Announces Net Debt for the First Quarter Ended March 31, 2015

Asarco announced net debt for the first quarter ended March 31, 2015. For the quarter, the company announced net debt of $57,170,000.

Similar Private Companies By Industry

Company Name Region
Holland 1916 Inc. United States
Steelport of Florida Inc. United States
Barton Manufacturing Inc. United States
Hickman, Williams & Company United States
RS Gold, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact ASARCO LLC, please visit www.asarco.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.