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November 27, 2015 4:38 AM 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





Key Executives for ASARCO LLC

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

ASARCO LLC Key Developments

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.

Asarco LLC to Cut 145 Mine Jobs at its Ray, Mission and Hayden Copper Mines in Arizona, USA

Asarco LLC will lay off about 145 workers at its Ray, Mission and Hayden copper mines in Arizona, USA due to weak copper pricing. The company originally planned to lay off 160 workers at the three operations but agreed to move 15 employees to other locations and departments. It is unclear when the layoffs will take effect or whether other workers are at risk.

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