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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 crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management