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

SA doctor highlights the five types of gynecologic cancer for Gynecologic Cancer Awareness MonthSan Antonio police officer dragged across Northwest Side parking lotGet ready to travel this fall with these Insider DealsFILE - Mexican President Andres Manuel Lopez Obrador meets with his security cabinet at the National Place in Mexico City, Aug. 2, 2024.

The decree published in the official gazette shows a strangely patterned nature reserve that follows exactly some of the company's property lines. The company, which was already involved in a dispute resolution panel complaint against the Mexican government, said Tuesday it would use “all available legal channels” to fight the new decree.

The Mexican president has in the past threatened to expropriate the extensive property, claiming the pits the company has dug to extract crushed limestone have damaged the fragile system of underground rivers and caves in the area.

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US company accuses Mexico of expropriating its property on the Caribbean coastAn 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.
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