Founded in 1899 as the American Smelting And Refining Company, it officially changed its name to ASARCO Incorporated in 1975.
Asarco, Inc. is a major producer of copper and other metals. Headquartered in Tucson, Arizona, it is a subsidiary of Grupo Mexico, a Mexican mining and railroad company.
Asarco's products include copper, bismuth, bismuth selenide, antimony, arsenic, arsenic selenide, cadmium sulfide, cadmium telluride, copper selenide, lead, lead telluride, selenium, sulfur, tellurium, zinc, litharge, test lead, bismuth oxide, silver, and gold.
Founded in 1899 as the American Smelting And Refining Company, it officially changed its name to Asarco Incorporated in 1975. Meyer Guggenheim and his sons took over the company in 1901. In 1916, 17 Asarco employees were killed and mutilated by Pancho Villa's men, one of the incidents that sparked the US Military's Punitive Expedition against Villa.
In 1999, a hundred years after its founding, it was bought by Grupo Mexico, which itself began as Asarco's 49%-owned Mexican subsidiary in 1965.
On August 17, 2005, Asarco filed for Chapter 11 bankruptcy in Corpus Christi, Texas under then-president Daniel Tellechea.
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