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Asarco posts $15.9 million November EBITDA loss
By Caroline Salls
Pittsburgh, Dec. 19 - Asarco LLC posted a $15.9 million EBITDA loss for November on $67.52 million in sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.
The figures compared to a $17.54 million EBITDA loss reported in October on $106.71 million in sales.
The November net loss was $9.67 million, narrowing from a $10.67 million October net loss.
The company had $1.35 billion in cash at Nov. 30, up from $1.32 billion at the end of October.
Asarco, a Tucson, Ariz., mining company, filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.
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