Grupo Aeroportuario del Pacifico SAB, Mexico’s biggest publicly traded airport operator, climbed the most since August after saying a court ruling bolstered efforts to stop Grupo Mexico SAB from buying more of its shares.
Southern Copper Corp. , the largest producer of copper in Mexico and Peru, will resume shipments of the metal from its refinery and smelter at the La Caridad complex in northern Mexico “within days or a couple of weeks maximum,” said a spokesman for parent Grupo Mexico.
Grupo Mexico SAB , the largest mining company in Mexico, regained control of its Cananea copper mine after police removed protesters and secured the facility that has been shut periodically since July 2007 over a labor dispute.
Southern Copper Corp. , a Phoenix- based mining company that boasts some of the industry’s largest copper reserves, plans to invest $800 million this year in projects such as a new smelter and a more efficient natural-gas furnace.
Mexico has 10 companies planning initial share offerings that may proceed when economic conditions improve, said Luis Tellez, chairman and chief executive officer of Bolsa Mexicana de Valores SAB, the nation’s stock exchange operator.