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.
The rout that made Peru’s stock market the worst performer in 2013 is luring bargain hunters from Itau Unibanco Holding SA to Wasatch Advisors on wagers that faster growth and higher commodity prices will fuel a rebound.
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.
Southern Copper Corp., the largest producer of the metal in Peru and Mexico, delayed the projected startup of its $900 million Tia Maria mine by a year to 2016 after taking longer than expected to complete a new environmental impact study.
Southern Copper Corp. , the largest producer of copper in Mexico and Peru, was sued by a pension fund that claims investors will be shortchanged in a proposed merger engineered by parent company Grupo Mexico SAB.
Southern Copper Corp., the largest producer of the metal in Peru and Mexico, postponed a planned bond sale after the Delaware Supreme Court upheld a $2.03 billion judgment against parent company Grupo Mexico SAB.