Southern Copper CEO Expects Copper to Top US$4 in 2010

Oscar Gonzalez Rocha, CEO of Southern Copper Corporation (NYSE:PCU), the largest copper producer in Peru and Mexico, a subsidiary of Grupo Mexico, S.A. (BMV:GMEXICOB) told reporters that he expects copper prices to rise to above US$4 per pound, almost double the average 2009 price of $2.22.

Grupo Mexico "Confident" It Will Regain Control of U.S. Mining Company Asarco

Robert Moore, a lawyer for Grupo Mexico, the world's third largest copper producer, told press sources that the company is "confident" that it will regain its former U.S. subsidiary Asarco, when the result of that company's bankruptcy process is announced on December 1, 2009.