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Mexico

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  • MEXICO CITY, Aug 20- Mexico's Congress on Wednesday urged the government to cancel Grupo Mexico's concession to operate one of the world's biggest copper mines after a toxic spill there earlier this month.

  • Reward offered for former billionaire's assets Wednesday, 20 Aug 2014 | 11:44 AM ET

    HELENA, Mont.— The trustee representing Yellowstone Club creditors offered a reward Wednesday to anyone who can help uncover property or bank accounts the luxury resort's co-founder might have hidden from bankruptcy proceedings.

  • Mexico says mine firm lied about chemical spill Tuesday, 19 Aug 2014 | 5:40 PM ET

    MEXICO CITY— Mexico's top environmental official said Tuesday that a mining company lied about a spill of millions of gallons of acids and heavy metals that contaminated two rivers and a dam downstream. "At the start, they told us it was excessive rain" that caused the containment pond to overflow, Guerra Abud said.

  • Mexico to offer $4.9 billion in electric projects Monday, 18 Aug 2014 | 4:29 PM ET

    MEXICO CITY— Mexico says it expects to put out for bid $4.9 billion in electrical generation and natural gas pipeline projects as part of the opening of the nation's state-run energy sector. Mexico has high electricity rates, which officials say limits the growth of some businesses.

  • Mexico files complaint against mine in acid spill Monday, 18 Aug 2014 | 7:00 AM ET

    MEXICO CITY— Environmental authorities filed a criminal complaint Monday against a copper mine that spilled 10 million gallons of acids into two rivers that supply water to tens of thousands of people in northern Mexico.

  • Mexico's Pemex poised to import light crude from U.S. Friday, 15 Aug 2014 | 12:28 PM ET

    Chief Executive Emilio Lozoya said in an interview late on Thursday that Pemex was very likely to start importing light crude from the United States in the next few months, to generate more value from the Mexico's six domestic refineries.

  • Mexico fines Chinese trade center $555,000 Friday, 15 Aug 2014 | 12:02 PM ET

    MEXICO CITY— Mexican environmental authorities have levied a $555,000 fine against a project to build a massive trade center south of Cancun to showcase Chinese products. It was unclear whether work on the project just south of Cancun could be closed, because the case is still before the courts.

  • MEXICO CITY, Aug 14- Mexican state-owned oil company Pemex expects to lift output to 2.8 million barrels a day by 2018 and is likely to start importing light crude from the United States in the next few months to refine, Chief Executive Officer Emilio Lozoya said on Thursday.

  • FACTBOX-Mexico's Round Zero and Round One oil projects Wednesday, 13 Aug 2014 | 7:56 PM ET

    MEXICO CITY, Aug 13- Mexico's energy ministry announced on Wednesday that the country expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic oil sector opening next year that will begin with a first round of contracts.

  • MEXICO CITY, Aug 13- Mexico's central bank trimmed its 2014 growth forecast on Wednesday, blaming a sluggish economy that bodes for steady borrowing costs well into next year. Mexico's economy is on track to post weaker than expected growth for the second year in a row.

  • MEXICO CITY, Aug 13- Mexico will assign oil and gas exploration and production contracts to foreign and private companies between next May and September under a major sector overhaul, prioritizing areas that boost output quickly and leaving trickier deep water for later, the country's energy regulator said on Wednesday.

  • Mexico: State firm gets 83 percent of oil reserves Wednesday, 13 Aug 2014 | 2:42 PM ET

    MEXICO CITY— Mexico's state-owned oil company will retain rights to exploit 83 percent of the country's proven and probable reserves under the newly enacted opening of the energy business, although the company will form alliances with private firms in some of those fields, the government announced Wednesday.

  • Foreign tourism to Mexico grows 19.6 percent Tuesday, 12 Aug 2014 | 9:48 PM ET

    MEXICO CITY— Mexico's central bank says the country's international tourism grew 19.6 percent in the first six months of 2014, compared to the same period last year. The Bank of Mexico says in a statement Tuesday that 14.2 million foreigners visited Mexico between January and June and spent $8.4 billion.

  • MEXICO CITY, Aug 12- Mexico expects to double the amount of investment in oil and gas projects to $60 billion per year by 2018 as private companies rush into the previously state-run energy industry, a top finance ministry official said on Tuesday.

  • Mexico says mine slow to report huge acid spill Tuesday, 12 Aug 2014 | 10:43 AM ET

    MEXICO CITY— A civil defense official says a private mine in northern Mexico did not immediately report a massive acid spill, allowing it to flow into a river that supplies water to tens of thousands of people.

  • Business Highlights Monday, 11 Aug 2014 | 5:44 PM ET

    The Associated Press reviewed all 15 petitions filed by drivers with the National Highway Traffic Safety Administration since 2010 and found the agency missed the legal deadline to grant or deny the requests 12 times.

  • Mexico opens gas, oil to foreign, private firms Monday, 11 Aug 2014 | 1:34 PM ET

    Pena Nieto said that the government will let potential investors know by Wednesday which blocks of gas and oil fields will be open for them. The state-owned oil company, Petroleos Mexicanos, or Pemex, has the right under the new rules to take first dibs and set aside some fields for itself; Pena Nieto said those set-asides will also be made public Wednesday.

  • Mine spill forces water cutbacks in north Mexico Sunday, 10 Aug 2014 | 7:20 PM ET

    MEXICO CITY— About 10 million gallons of contaminated wastewater have spilled into rivers from a mine in northern Mexico, and federal officials announced Sunday they are restricting water supply to cities and towns in the country's north, including the Sonora state capital of Hermosillo.

  • MEXICO CITY, Aug 8- Two workers died after being overcome by a burst of flames in an accident that also injured 11 at a refinery in northern Mexico, state-run oil company Pemex said on Friday.

  • 1 killed in blast at refinery in northern Mexico Friday, 8 Aug 2014 | 7:23 PM ET

    MEXICO CITY— Mexico's state-owned oil company says one worker died when a gas leak caught fire and shout out flames at a refinery in the northern state of Tamaulipas. Petroleos Mexicanos, known as Pemex, said the blast Friday also injured 11 workers at the refinery in Ciudad Madero.