Mexico’s President Andrés Manuel López Obrador exhorted Vulcan Materials’ subsidiary, Calica, to accept his government’s $440 million offer for the 2,000 hectares it has under concession in the southeastern Quintana Roo state. , López Obrador accused the American company of causing an environmental disaster for the over 30 years it operated in a region surrounded by a jungle, underground rivers, cenotes and mangroves.
“It is not possible to allow them to continue operating. We sent them a proposal to seek an agreement, but I think they are poorly advised,” the President said, adding that Vulcan’s shareholders seem to be waiting for the end of his term to go on with their work.
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