SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed
Pursuant to 13d-1(a) and Amendments
Thereto Filed Pursuant to 13d-2(a)
(Amendment No. 1)
ASARCO Incorporated
-------------------------
(Name of Issuer)
Common Stock, without par value
-------------------------------------
(Title of Class of Securities)
04341310
--------------
(CUSIP Number)
Daniel Tellechea Salido Nicolas Grabar
Grupo Minero Mexico, S.A. de C.V. Cleary, Gottlieb, Steen & Hamilton
Baja California 200 One Liberty Plaza
06760 Mexico City, Mexico New York, New York 10006
(52-5) 574-8483 (212) 225-2000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 22, 1998
-------------------------------
(Date of Event Which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D,
and is filing this Schedule because of Rule 13d-1(b)(3) or (4), check
the following box [ ].
Page 1 of 7
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SCHEDULE 13D
CUSIP NO. 04341310 Page 2 of 7
- -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Grupo Mexico, S.A. de C.V.
- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [__]
(b) [__]
- -------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [__]
- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
- -------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF None
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,466,800
EACH ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,466,800
- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,466,800
- -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [__]
- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.59%
- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
<PAGE>
SCHEDULE 13D
CUSIP NO. 04341310 Page 3 of 7
- -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Grupo Minero Mexico, S.A. de C.V.
- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [__]
(b) [__]
- -------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [__]
- -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
- -------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF None
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,466,800
EACH ---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON None
WITH ---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,466,800
- -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,466,800
- -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [__]
- -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.59%
- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
<PAGE>
Pursuant to Rule 13d-2(a) of Regulation 13D-G of the
General Rules and Regulations under the Securities Exchange Act of
1934, as amended, the undersigned hereby amend their Schedule 13D
statement dated December 29, 1997 (the "Schedule 13D"), relating
to the common stock, without par value ("Common Stock") of ASARCO
Incorporated (the "Issuer"). Unless otherwise indicated, all
defined terms used herein shall have the same meanings
respectively ascribed to them in the Schedule 13D.
Item 1. Security and Issuer.
No material change.
Item 2. Identity and Background.
No material change.
Item 3. Source and Amount of Funds or Other Consideration.
No material change.
Item 4. Purpose of Transaction.
No material change.
Item 5. Interest in Securities of the Issuer.
Paragraphs (b), (d) and (e) are unchanged. Paragraphs (a)
and (c) of Item 5 are hereby amended and restated in their
entireties as follows:
(a) To the best knowledge of the Reporting Persons, as
of October 31, 1997, there are 40,362,015 shares of Common Stock
outstanding (as reported in the Issuer's Quarterly Report for the
period ended September 30, 1997 filed on Form 10-Q with the
Commission on November 12, 1997). The 3,466,800 shares of Common
Stock beneficially owned by the Reporting Persons represent
approximately 8.59% of such number of shares of Common Stock.
(c) Annex I hereto sets forth all transactions in shares
of the Common Stock effected since December 29, 1997 by the Reporting
Persons.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
No material change.
Item 7. Material to be Filed as Exhibits.
A joint filing agreement between the Reporting Persons
dated as of December 29, 1997 has previously been filed.
Page 4 of 7
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information
set forth in the statement is true, complete and correct.
Dated: January 26, 1998
Grupo Minero Mexico, S.A. de C.V.
By: /s/ Hector Garcia de Quevedo
---------------------------------
Name: Hector Garcia de Quevedo
Title: Managing Director
Grupo Mexico, S.A. de C.V.
By: /s/ Hector Garcia de Quevedo
---------------------------------
Name: Hector Garcia de Quevedo
Title: Managing Director
Page 5 of 7
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ANNEX I
Purchases of Common Stock by the
Reporting Persons Since December 29, 1997
Reporting Number of Price per Method of
Person Date Shares Share Transaction
- ------ ---- ------ ----- -----------
GM January 8 55,100 21.9721 Open Market
GM January 9 10,000 21.1875 Open Market
GM January 12 30,000 20.9375 Open Market
GM January 12 10,000 20.8563 Open Market
GM January 13 25,000 20.8750 Open Market
GM January 15 33,900 20.8422 Open Market
GM January 20 8,400 20.9375 Open Market
GM January 22 302,700 21.0831 Open Market
GM January 23 96,800 20.9485 Open Market
Page 6 of 7
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Index of Exhibits
-----------------
Exhibit No. Description
- ----------- -----------
1 Joint Filing Agreement by and among
the Reporting Persons dated as of
December 29, 1997, previously filed.
Page 7 of 7
