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Grupo Mexico Scraps Mining Merger

Nov 2, 2011

Mexican miner and railroad operator Grupo Mexico has decided to scratch a planned merger of its two subsidiaries, the US-based American Smelter and Refining Company (ASARCO) and the Peru-based Southern Copper Corporation. As originally conceived, the deal would...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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