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December 3, 2007 |
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GRUPO MEXICO: Investing US$180 Mln. To Boost San Luis Operations A spokesperson of Grupo Mexico SA, de C.V., told Business News Americas that it will invest some US$180 million to increase its operations in San Luis Potosi, Mexico. BNamericas relates that in San Luis, Grupo Mexico has the Charcas mining complex that includes three underground mines and a 4,000-ton-per-day flotation plant, producing zinc, lead and copper concentrates, as well as silver. Grupo Mexico also owns a zinc plant and copper smelter in San Luis, BNamericas states. Grupo Mexico SA de C.V. -- http://www.grupomexico.com/ -- through its ownership of Asarco and the Southern Peru Copper Company, Grupo Mexico is the world's third largest copper producer, fourth largest silver producer and fifth largest producer of zinc and molybdenum. * * * As reported in the Troubled Company Reporter-Latin America on Dec. 29, 2006, Fitch upgraded the local and foreign currency Issuer Default Rating assigned to Grupo Mexico, S.A. de C. V. to 'BB+' from 'BB'. Fitch said the rating outlook is stable. |
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