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Mexico's Interior Department issued a decree late Monday declaring the firm’s seaport and quarries to be a natural protected area, in effect prohibiting the company’s activities on its own land.Alabama-based Vulcan Materials said in a statement Tuesday that the move violates the U.S.-Mexico-Canada free trade agreement. It said the measure formed part of “a series of threats and actions by the current administration against our operations.
While 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.
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