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Gutierrez Ascends to Next Level With Letruska
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Gutierrez Reaches New Heights in U S With Letruska
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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.