Asarco exclusivity extension hearing continued to April 9

By Jennifer Lanning Drey

Portland, Ore., April 7 - Asarco LLC's hearing for approval of its motion for a 10th exclusivity extension was continued to April 9, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of Texas.

As previously reported, the company wants to extend its exclusive plan-filing period to June 10 from April 11 and the solicitation period to Aug. 12 from June 13.

The company has said the extra time is necessary to complete the plan sponsor selection process.

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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