|Bid||45.80 x 10000|
|Ask||45.80 x 267000|
|Day's Range||45.50 - 47.20|
|52 Week Range||36.75 - 59.20|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||241.53|
|Forward Dividend & Yield||3.20 (6.89%)|
|1y Target Est||6.31|
Twelve hours after he scrambled atop a boxcar on a freight train that hurtled through Mexico towards the U.S. border, Roni Osorio could no longer fight sleep. The train lurched, and with nothing to grip onto, he rolled, fell and was sucked under its churning wheels. Nearly a year later, Osorio, 22, a migrant who once farmed beans and coffee in Honduras, has learned to walk again, with a new prosthetic limb where his left leg was ground off by "La Bestia," or The Death Train, so named for the risks posed by traveling on it.
Mining and transport firm Grupo Mexico said on Tuesday that it does not expect its operations to be impacted by the partial closing of its Guaymas facility on the Gulf of California. Mexico's environmental prosecutor Profepa said on Saturday that it had ordered the partial and temporary closure of Grupo Mexico’s facility after the company spilled sulfuric acid on the coast of the gulf.
Mexican mining and transport firm Grupo Mexico said on Monday that Mexico's Navy Ministry reported it did not find environmental damage from the company's sulfuric acid spill at its Guaymas facility on the Gulf of California. Mexico's environmental prosecutor has ordered the partial and temporary closure of the site following the July 9 spill on the coast of the gulf, which is one of Mexico's most diverse ecosystems.
Mexico's environmental prosecutor Profepa said on Saturday it ordered the partial and temporary closure of mining and transport firm Grupo Mexico's Guaymas facility after it spilled sulfuric acid in the Gulf of California. Grupo Mexico last week said it had quickly controlled the July 9 spill, which it blamed on a valve failure at the Guaymas facility on the coast of the gulf, which is one of Mexico's most diverse ecosystems. Profepa said it ordered the temporary closure of the facility after visiting the site twice, saying the firm lacked the proper environmental permits for its activities.
A sulfuric acid spill in the Gulf of California at a site belonging to mining and transport firm Grupo Mexico would not likely cause a "major impact," Mexico's environment minister Victor Toledo said on Tuesday. Grupo Mexico last week said it had quickly controlled the spill, which it blamed on a valve failure at its Guaymas facility on the coast of the gulf, which is one of Mexico's most diverse ecosystems.
Latin American stocks extended losses on Tuesday as trade tensions between the United States and China continued to dampen risk sentiment, while currencies of net crude exporters in the region fell on lower oil prices. MSCI's index of Latin American stocks fell over 1 percent led by Brazil's Bovespa as investors stayed on the sidelines on uncertainty related to the Sino-U.S. trade talks. Despite U.S. President Donald Trump's threat to raise tariffs on Chinese imports, officials from Beijing are expected at talks in Washington this week to try and work out a trade deal.
Mexican President Andres Manuel Lopez Obrador pledged on Wednesday to recover the more than 60 remaining bodies of miners killed in a massive coal shaft explosion in 2006, a mission he described as a humanitarian promise made to victims' families. The announcement came on Mexico's Labor Day holiday, and Lopez Obrador said he did not expect the company that operated the mine to oppose him. The Pasta de Conchos mine blast took place in northern Coahuila state, near Mexico's border with Texas.
Mexican mining and transport company Grupo Mexico on Monday posted a 22.1 percent increase in net profit during the first quarter compared with the same period a year earlier. Profit stood at $626.2 million, ...
MSCI's index of Latin American stocks rose 0.4 percent as indices edged higher across the region in-line with its emerging market peers. Brazil's real fell 0.4 percent. "For the BCB to start mulling rate cuts, it would probably have to see a clearer signal about the passing of key fiscal reforms, such as a first round approval of an effective pension reform at the Lower House floor," said Mauricio Oreng, senior Brazil strategist at Rabobank in a note.
Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's chief executive told Reuters on Wednesday. Junior miner Bacanora Lithium Plc, said earlier this month that it owned 10 lithium concessions in Sonora and was focused on securing funding this year to start production in 2021. Bacanora did not respond to requests for comment outside of working hours in London.
A Latin American equities benchmark rose on Tuesday, bolstered by a rebound in Brazilian shares, while Latin American currencies broadly advanced against a soft dollar. Global currency traders wound back ...
A group representing some of Mexico's biggest companies told left-wing President Andres Manuel Lopez Obrador on Monday that politicians should resist "extortion" by labor unions after strikes and blockades in recent weeks. Alejandro Ramirez, president of the Mexican Business Council, said strikes at factories in the northern state of Tamaulipas and blockades of railways by a teachers union had caused more than a billion dollars in losses and could cause businesses to close. Members of the group, including Mexico's second-richest man, German Larrea, who controls mining and transport conglomerate Grupo Mexico, were critics of Lopez Obrador before his July 1 election, warning voters should be wary of populism.
Peru's environmental regulator OEFA has concluded that mining waste from Southern Copper Corp's Cuajone unit did not spill into the environment during heavy rains last week. OEFA said in a statement late Tuesday that it was still supervising operations at Cuajone but had ruled out any tailings spill. On Sunday, OEFA had described a "greenish solution" flowing from the mine's installations into a local river and announced it was investigating a potential tailings spill.
Southern Copper Corp said on Monday that a key plant it uses to produce copper in Peru would not fully restart for another three to five days while work is done on its tailings and railway infrastructure following heavy rains. Peru's environmental regulator OEFA has been investigating a potential tailings spill at Southern Copper's Cuajone mine, after being alerted by local residents of a "greenish solution" that started streaming into a nearby river. Southern Copper, one of the world's largest copper producers, said there was no tailings spill.
Southern Copper Corp has partially suspended its operations in southern Peru due to heavy rains and is searching for a worker who was swept away by a mudslide, the company said late on Sunday. Southern Copper said in a statement that it shut down its processing plant at Cuajone as a preventative measure on Friday, but denied there may have been any tailings spill. Peru's environmental regulator OEFA said on Sunday that it was investigating a potential tailings spill at Cuajone, describing a "greenish solution" that had leaked into the local Torata River from the company's waste depository.
Peru's environmental watchdog said on Sunday it was investigating a tailings spill from a unit of Southern Copper Corp, one of the world's largest copper producers, into a river in an area that has been inundated by heavy rains. The Agency of Evaluation and Environmental Enforcement (OEFA) said the spill occurred in the waste deposit area of the Cuajone mining operations of Southern Copper, located in the Moquegua region approximately 535 miles (860 km) southeast of Lima. OEFA investigators at the Cuajone mine said a "flow of a greenish solution" into the Torata River since Friday has stopped.
Mexico could soon face a shortage of staple foods such as corn flour and wheat flour as railways remain blocked after two weeks of teacher protests in the western state of Michoacan, railroad operator Ferrocarril Mexicano (Ferromex) said on Monday. "There may be a shortage of wheat flour and corn flour in the coming days, meaning that prices for something that is consumed on a daily basis, such as bread and tortillas, may be affected," she told local television station Televisa.
The U.S. dollar turned positive against a basket of currencies after the data showed U.S. employers hired the most workers in 10 months in December while boosting wages, pointing to sustained strength in the economy that could ease fears of a sharp slowdown in growth in the world's top economy. Mexico's peso, considered by some to be a bellwether of trade sentiment, had firmed as much as 0.5 percent but gave up some of those gains. But local stocks in Mexico were up 0.7 percent, with gains led by diversified miner Grupo Mexico, up 4.4 percent.
A lawmaker from leftist President-elect Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA) party presented the bill in the Senate on Tuesday that would change mining regulations and require the consent of indigenous communities before granting mining concessions on their land. The bill is one of a handful up for consideration that would regulate the mining sector. Morgan Stanley downgraded the stocks of Mexican miners Industrias Penoles and Grupo Mexico citing 11 bills and resolutions that could materially affect mining companies operating in Mexico, dragging their shares to levels not seen since 2016.
Former workers of Mexican miner Grupo Mexico plan to block access to the giant Buenavista copper mine on Dec. 1 to pressure the company and the country's incoming leftist government to give them back their collective labor contracts. The planned industrial action is part of a longstanding dispute after Grupo Mexico fired the mine's workforce and reopened it in 2010, following a federal judge's ruling that a nearly three-year strike over a labor dispute was illegal. "We're looking to recover our collective labor contracts, which was stolen by Grupo Mexico," Sergio Tolano, secretary general of section 65 of the National Mining Union, told Reuters.
Latin American stocks and currencies fell on Thursday, hurt by losses in Mexico under continued pressure from a lawmaker's mining bill, with movements amplified by thin volumes on account of the U.S. holiday ...