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Tucson-based Asarco LLC finally filed a reorganization plan Thursday after receiving repeated deadline extensions over its three-year trip through bankruptcy.

The filing reiterated many of its previously announced plans for the company, including a sale of its assets to India-based Sterlite Industries Ltd. for $2.6 billion.

"This plan will allow the company to emerge from bankruptcy in a manner that is fair to all constituencies and puts Asarco's assets under ownership of a world-class global mining company," Joseph F. Lapinsky, Asarco's CEO, said in a statement.

The plan still must be approved and is expected to be contested by Asarco's formal parent company, Grupo Mexico, which is putting together a competing bid for Asarco's assets.