Grupo Mexico SAB de CV (4GE.SG)
- Reuters
UPDATE 2-Mexico govt blames Grupo Mexico for 2014 toxic spill, wants new cleanup plan
A 2014 toxic spill in a Mexican river blamed on Grupo Mexico was not an accident but a result of negligence, the country's environment minister said on Thursday, while urging the mining conglomerate to create a new plan to remediate the damage. "It was not an accident, it was negligence," Environment Minister Maria Luisa Albores said, adding that the government filed a complaint in August against the company, one of the world's largest copper producers. Grupo Mexico failed to remediate the river's water and soil and did not provide the funds to carry out proper works for the environmental recovery of the area, according to Albores.
- Reuters
UPDATE 3-US seeks trade panel to resolve labor conflict at Mexican mine
The U.S. government said on Tuesday that it has requested its first dispute-settlement panel invoking labor rules under a North American trade pact, in an effort to resolve a long-running workers' conflict at Grupo Mexico's San Martin mine. The United States in June asked Mexico to review allegations of worker-rights abuses at the mine under the U.S.-Mexico-Canada Agreement (USMCA), but Mexico said the matter did not qualify for review under the trade deal. In a statement, the Office of the U.S. Trade Representative (USTR) said it disagrees with the Mexican government's determination.
