Date: Thu, 20 Nov 1997 22:40:01 GMT Server: Apache/1.2.4 Last-Modified: Fri, 27 Jun 1997 18:58:38 GMT ETag: "37505-1926-33b40d5e" Content-Length: 6438 Accept-Ranges: bytes Connection: close Content-Type: text/html
![]() About the Cover: A massive shovel, with a capacity of 60 cubic yards, loads a 240-ton-capacity truck at Asarco's Mission mine in Arizona, while another truck moves into position for loading. The electrically powered shovel can load the truck in three phases. Mine workers and a truck in the foreground give an indication of the size of the mining equipment. | Asarco is one of the world's leading producers of nonferrous metals, principally copper, lead, zinc, silver and molybdenum. Asarco also produces specialty chemicals and aggregates. In 1996, Asarco's beneficial mined copper production reached one billion pounds, establishing the Company as the fourth largest private sector copper producer in the world. Asarco has also developed one of the largest copper ore reserve positions in the industry. The Company's lead and zinc businesses include a fully integrated lead business in Missouri, a custom lead smelting business and a zinc mining business. Silver is produced as a by-product of the Company's other mining operations and from the mining operations conducted through the Company's 50% owned Silver Valley Resources in Idaho. Asarco also has a specialty chemicals business and an aggregates business. |
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Financial Highlights
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(in millions, except per share and employee amounts)
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for the year
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1996
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1995
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Sales
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$2,696.7
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$3,197.8
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Operating income
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$303.4
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$487.1
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Net Earnings
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$138.3
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$169.2
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Net Earnings per common share
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$3.24
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$4.00
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Dividends per common share
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$0.80
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$0.70
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at year-end
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Assets
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$4,120.3
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$4,326.7
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Total debt
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$814.3
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$1,121.9
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Common stockholders' equity
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$1,736.9
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$1,707.5
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Common shares outstanding
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42.8
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42.6
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Book value per common share
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$40.56
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$40.11
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Employees
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11,800
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12,200
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Return to ASARCO Home Page
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