Who owns grupo mexico

Stock Screener Home. MarketScreener tools. Dynamic chart. Our Services. MarketScreener Portfolios. Add to my list. Grupo Mexico, S. The Company's principal 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.

The Company's business lines include Mining, Transportation and Infrastructure. Its subsidiaries are Grupo Ferroviario Mexicano, S. Campos Eliseos No. In partnership with Allbrands. Sector Integrated Mining. Antonio del Valle Ruiz. Emilio Carrillo Gamboa. DINE, S. ALFA, S. All rights reserved. Show password. Add to my list Report. Grupo M? Invitation to the 3Q21 Conference call. The Rosita coal mine was producing , tons a year.

The company's executives complained that its profit margins were almost being eliminated by taxes and export duties, especially the latter, which was raised to 28 percent for refined products in The Mexican government allowed a reduction of the export duty when foreign properties came under majority Mexican ownership, and ASARCO expressed its willingness to make such an arrangement but said it was having trouble finding Mexican partners.

Low metal prices apparently were making it impossible for wealthy Mexicans to achieve a rate of return on equity high enough to make ASARCO a worthwhile investment. The ensuing company, Asarco Mexicana, S. The group's richest holding was the La Caridad copper mine in the state of Sonora. In Asarco Mexicana signed agreements with two government agencies to explore intensively a site within a national mining reserves area. Important copper production in the area--the Nacozari district--had begun around but had ended in because of low copper prices.

The company's efforts culminated in the opening of Mexico's second largest copper mine, an open-pit operation with reserves of million tons of ore, plus a smelter to produce blister rough copper and a refinery to purify it further.

In Mexicana de Cobre was constructing a new smelter to handle the ore, which was being extracted at the rate of 72, metric tons a day, and to meet the demands of the refinery. Grupo Industrial Minero acquired 92 percent of the government's share of Mexicana de Cobre in a public auction and increased its share in to Located in the state of Sonora not far south of the Arizona border, Cananea was Mexico's largest copper mine, an open-pit operation worked on a small scale in the late 19th century by General Ignacio Pesqueira.

An Arizona prospector, William C. A miner's strike was bloodily repressed in , and in the mine was producing six million pounds of copper a month. Anaconda Copper Mining Co. The Mexican government and private companies acquired 51 percent of the shares in , but Anaconda remained the largest single stockholder until of what became Mexicana de Cananea. Grupo Industrial Minera Mexico's net sales came to 3. The following year was almost as good, but in sales dropped and the company incurred a net loss.

In Grupo Mexico, S. This was accomplished through the acquisition of all of the shares representing the foreign investment in Medisma, which now included Mexicana de Cananea as well as Mexicana de Cobre.

Grupo Mexico's mineral production in included , metric tons of coal and , metric tons of zinc. Copper production in totaled , metric tons. Total Employees:.

Purchase the Grupo Mexico, S. Purchase this report to view the information. Chairman of the Board of Directors. Member of Board of Directors. Chief Administrative and Financial Officer. Gmexico Transportes S. Grupo Mexico Servicios S. Company Performance. Financial values in the chart are available after Grupo Mexico, S.