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Vedanta ups its bid for copper miner
11.08.09
Vedanta Resources, the Indian-focused metals group, today sweetened its bid for the assets of bankrupt US copper miner Asarco.
Sterlite, Vedanta's subsidiary, is battling Grupo Mexico in a Texan court for the assets. Sterlite has hiked its offer to $1.59 billion (£957 million) in cash, from $1.1 billion, and lowered the value of the copper price participation note to $208 million.
