Efforts by Citigroup Inc. senior executives to tighten controls in Mexico were rebuffed by managers there for at least five years before the U.S. bank found the local unit had suffered a $400 million loan fraud last month, four people with direct knowledge of the matter said.
Following is a table of the world’s 10 biggest producers of refined copper in 2013, according to metals, mining and fertilizer company CRU. Figures are in thousands of metric tons and are attributed to the proportion of a stake in an asset held by a company.
Grupo Mexico SAB, Mexico’s largest mining company, is considering joint ventures to take advantage of new legislation that allows foreign investment in the oil and gas industry, according to the head of one of its units.
Grupo Mexico SAB, the nation’s largest mining company, dropped plans to merge its Asarco LLC and Southern Copper Corp. businesses into a single unit within its mining business after some shareholders challenged the plan.
For investors in Grupo Mexico SAB , the Latin American nation’s largest mining company, a railroad business generating almost $1 billion a year of sales, mine assets and an oil-drilling company are included for free.
Grupo Mexico SAB , the Mexican miner that’s also the country’s largest railway operator, plans to sell shares of its transportation unit in an initial public offering once the company can merge its two railroad companies.
Grupo Aeroportuario del Pacifico SAB gained the most in nine months in Mexico trading after Grupo Mexico SAB , the country’s largest mining company, said it will try to take control of the airport operator.