US company accuses Mexico of expropriating its property on the Caribbean coast

  • 📰 AP
  • ⏱ Reading Time:
  • 44 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 66%
  • Publisher: 51%

Mexico News

Mexico Government,Andres Manuel Lopez Obrador,Vulcan Materials Co.

An American quarry company says the Mexican government has carried out a de-facto expropriation of its properties on Mexico's Caribbean coast. The government issued a decree declaring the firm's seaport and quarries to be a natural protected area, in effect prohibiting the company's activities on its own land.

The Afternoon WireWeeks after a school shooting, students return for classes at Apalachee High SchoolHarris is more popular than Trump among AAPI voters, a new APIA Vote/AAPI Data survey findsBiden in farewell U.N.

The decree published in the official gazette shows a strangely patterned nature reserve that follows exactly some of the company’s property lines.US not responsible for surge of violence in Sinaloa, American ambassador tells MexicoWhile the decree states the purpose of the park is to protect local animal and plant species, in fact the seaport and stone quarries are very disturbed areas, do not much resemble a nature reserve and would add little to that effort.

In June the American company rejected the Mexican president’s buy-out offer, saying it “substantially undervalues our assets.” But Vulcan Materials rejected the charge at that time. “Our operations have not adversely affected underground caves, cenotes or archaeological sites. In fact, we have mapped, protected and preserved these valuable resources,” the company said in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines