SA News • Wed, Sep. 24
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Wed, Sep. 24, 8:16 AM
- Mexican authorities have issued a bi-national alert over a chemical leak from from a copper mine in northwest Mexico that could flow into southern Arizona after contaminating the San Pedro River.
- Officials said they were still investigating how much leaked, or what exactly was in the spill, and said the material was "probably toxic."
- The Buenavista del Cobre mine, owned by Grupo Mexico (OTCPK:GMBXF) and run by its Southern Copper (NYSE:SCCO) subsidiary, produces ~200K tons/year of copper.
Oct. 9, 2012, 8:46 AMMexican copper miner and railroad operator Grupo Mexico (GMBXF.PK) says it will pay a $2B judgment to Southern Copper (SCCO) in cash rather than in stock. The payment will end a seven-year legal battle with SCCO's minority shareholders in one of the largest judgments ever awarded in a U.S. securities class action suit. | Comment!
GMBXF vs. ETF Alternatives
GMexico is a holding company whose main activities are in the mining-metallurgic industry, the exploration, exploitation, and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development.
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