Grupo Mexico plans $3.1bn Baja, refining spend
Image: Grupo Mexico
Grupo Mexico is planning $3.1 billion in new investments for metals refining in Sonora state and power infrastructure for a major mine that will bring cheaper electricity to the isolated Baja peninsula, the company’s No. 2 executive told
Reuters.
The six-year investment blueprint includes a $2.3 billion expansion to existing smelting capacity in Sonora, a northern state home to the company’s top mines, and $815 million for major new electricity lines for the Baja California peninsula.
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Grupo Mexico Vice Chairman Xavier Garcia de Quevedo detailed nearly $9 billion in investments through 2027, including a previously-announced $2.8 billion for its proposed El Arco copper mine, which would anchor the Baja power investment. The rest will be spread over additional infrastructure, two other mines and new zinc refining capacity.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" of Sura Re Ltd. (Sura Re) (Bermuda). The .
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COVID-19 Impact on Shotcrete Market : –
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries. The impact of COVID-19 on the future development of the industry is pointed out. Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Shotcrete Market in 2020. The outbreak of COVID-19