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Noe Torres

North American pact labor rules should be enforceable: senior Mexican lawmaker

3:18pm EST

MEXICO CITY Labor provisions in a new North American trade deal should be enforceable in Mexico, the head of the country's Senate labor committee said on Tuesday, adding that lawmakers could pass new national labor rules in the next two months.

Mexico plans no drastic changes to mining sector: official

Dec 20 2018

MEXICO CITY The head of Mexico's mining industry said the new government does not seek to implement drastic changes in the sector, cancel concessions or raise royalties that companies pay to extract minerals.

RPT-FEATURE-In Mexico, resistance to solar projects bodes badly for fast-tracking train

Nov 30 2018

SAN JOSÉ TIPCEH, Mexico, Nov 29 The Yucatan peninsula, dividing the Gulf of Mexico from the Caribbean, is among Mexico's top destinations for renewable energy firms thanks to its strong winds and sunny climate. Home to bustling tourist resorts such as Cancun, the area is also a big energy consumer.

Feature: In Mexico, resistance to solar projects bodes badly for fast-tracking train

Nov 29 2018

SAN JOSÉ TIPCEH, Mexico The Yucatan peninsula, dividing the Gulf of Mexico from the Caribbean, is among Mexico's top destinations for renewable energy firms thanks to its strong winds and sunny climate. Home to bustling tourist resorts such as Cancun, the area is also a big energy consumer.

FEATURE-In Mexico, resistance to solar projects bodes badly for fast-tracking train

Nov 29 2018

SAN JOSÉ TIPCEH, Mexico, Nov 29 The Yucatan peninsula, dividing the Gulf of Mexico from the Caribbean, is among Mexico's top destinations for renewable energy firms thanks to its strong winds and sunny climate. Home to bustling tourist resorts such as Cancun, the area is also a big energy consumer.

In Mexico, resistance to solar projects bodes badly for fast-tracking train

Nov 29 2018

SAN JOSÉ TIPCEH, Mexico The Yucatan peninsula, dividing the Gulf of Mexico from the Caribbean, is among Mexico's top destinations for renewable energy firms thanks to its strong winds and sunny climate. Home to bustling tourist resorts such as Cancun, the area is also a big energy consumer.

Mexican lawmakers, mining sector to discuss controversial bill

Nov 26 2018

By Noe Torres and Anthony Esposito MEXICO CITY, Nov 26 Mexican lawmakers will meet with mining sector leaders this week before seeking Congress's approval of a bill that analysts have said could hinder mining operations and that was partly responsible for a massive selloff in mining shares last week. A lawmaker from leftist President-elect Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA) party presented the bill in the Senate on Tuesday that would change mining regulations and require the consent of indigenous communities before granting mining concessions on their land. The bill is one of a handful up for consideration that would regulate the mining sector. It also could lead to the cancellation of mining concessions if firms do not present an annual report on the social impact of their projects. Companies say most of the provisions in the bill are already included in current laws. Morgan Stanley downgraded the stocks of Mexican miners Industrias Penoles and Grupo Mexico citing 11 bills and resolutions that could materially affect mining companies operating in Mexico, dragging their shares to levels not seen since 2016. Lawmakers, mining industry representatives and authorities of Lopez Obrador's incoming government will meet this week to discuss the bill presented by MORENA, said Geovanna Bañuelos, the president of the Senate's mining commission. "We want them to be calm. We will not (move forward) without listening to everyone," Bañuelos, of the leftist Labor Party, told Reuters in a telephone interview. "We are open to weighing all arguments." Grupo Mexico said it was analyzing the controversial bill, adding that much of the content in it and the series of other bills being considered by Congress already is covered by current regulations. "The content of the reforms are not innovative or disruptive," said Jorge Lazalde, Grupo Mexico's general counsel. "Many of the things that come in this series of initiatives are already in the law." Lazalde said it was normal for bills to be presented and for the industry representatives to work with lawmakers to improve them. "As a guild, as an industry, as a sector through the Mining Chamber, we will work closely with Congress and harmonize points of view," he said. Here is a table of the performance of the main Mexican mining shares last week: PRICE VARIATION Industrias Penoles 225.27 -15.6% Grupo Mexico 39.35 -10.6% Autlan 13.64 -3.9% Minera Frisco 5.00 -3.5% (Writing by Anthony Esposito Editing by Bill Trott)

In blow to business, Mexicans spurn new Mexico City airport

Oct 29 2018

MEXICO CITY Mexicans voted to scrap a part-built $13 billion new airport for the capital in a divisive referendum pushed for by President-elect Andres Manuel Lopez Obrador, dealing a blow to business leaders like Carlos Slim, and causing the peso to slide.

UPDATE 2-In blow to business, Mexicans spurn new Mexico City airport

Oct 29 2018

MEXICO CITY, Oct 28 Mexicans voted to scrap a part-built $13 billion new airport for the capital in a divisive referendum pushed for by President-elect Andres Manuel Lopez Obrador, dealing a blow to business leaders like Carlos Slim, and causing the peso to slide.

Second Mexican official fired over scandal of bodies stored in truck

Sep 20 2018

MEXICO CITY Mexican authorities said on Wednesday they had fired the top prosecutor in Jalisco state, the second official to lose his job after the discovery of a container truck holding the bodies of hundreds of victims of the country's drug war.

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