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Grupo México
Grupo México is a Mexican conglomerate that operates through the following divisions: Mining (Minera Mexico), Transportation (Ferromex, GMxT), Infrastructure and Fundacion Grupo Mexico. Founded in 1978, Grupo México became a significant player in the mining industry, responsible for 87.5 percent of Mexico's copper production by 2000. The company has faced ongoing conflict with the Mexican Mine Workers' Union and acquired a controlling interest in Southern Copper Corporation, Southern Peru Copper Corporation in 2004. A litigation over the equity sale of SPCC is ongoing, with Grupo México's $2.5 billion bid for ASARCO recommended for acceptance in 2009. The company is the largest mine operator in Mexico and Peru, and the third largest in the United States. It is the fourth largest copper producer worldwide and controls the largest copper reserves globally. Grupo México operates the second largest transportation division in Mexico and the U.S. states of Texas and Florida, ownin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asarco
ASARCO (American Smelting and Refining Company) is a mining, smelting, and refining company based in Tucson, Arizona, which mines and processes primarily copper. The company has been a subsidiary of Grupo México since 1999. Its three largest open-pit mines are the Mission, Silver Bell and Ray mines in Arizona. Its mines produce of copper a year. ASARCO conducts solvent extraction and electrowinning at the Ray and Silver Bell mines in Pima County, Arizona, and Pinal County, Arizona, and operates a smelter in Hayden, Arizona. ASARCO's smelting plant in El Paso, Texas, was suspended in 1999 and then demolished on April 13, 2013. Before closing, the plant produced of anodes each year. Refining at the mines as well as at a copper refinery in Amarillo, Texas, produce of refined copper each year. ASARCO's hourly workers are primarily represented by the United Steelworkers. ASARCO has 20 superfund sites across the United States, and it is subject to considerable litigation o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sterlite Industries
Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited. History It was originally incorporated as Rainbow Investments in 1975, the name of the company was changed to Sterlite Cables in 1976. It was later renamed Sterlite Industries in 1986. With a restructuring in July 2000, the company is left with only a metal division comprising copper and aluminium divisions. In 1994, it acquired Madras Aluminium Company (MALCO) for 55 crores. Sterlite and its associate companies took a 55% stake in India Foils for 50 crores. This improved Sterlite's product mix from aluminum to aluminum foil with the largest market share of 65%. In 1999, the company acquired Copper Mines of Tasmania. In February 2011, Sterlite Industries acquired Lisheen Zinc Mine in Ireland from Taurus International S.A., for a share value of approximately $546 million. In September 2013, SESA Goa, Sterlite Industries and Vedanta Aluminium merged to form Sesa Sterlite Limited. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern Peru Copper Corporation
Southern Copper Corporation is a mining company that was founded in 1952. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Southern Peru Copper Corporation by the Mexican copper producer Minera México. 88.9 percent of Southern Copper is owned by Mexican mining conglomerate Grupo México (per proxy statement dated March 27, 2018) . Based on 2007 reserves data, Southern Copper is the world's largest publicly traded copper mining company and the world's seventh largest copper mining company based on 2007 sales. In addition, the firm is the eighth largest copper smelting company. The firm ranks among the world's largest producers of molybdenum, silver, and zinc. The company is a major producer and refiner of copper, molybdenum, zinc, silver, lead, and gold, and operates mines and smelters in Mexico and in Peru, in the Andes mountains southeast of Lima. Since 2012, the company has made major strides in improving their production methods. During 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strike Action
Strike action, also called labor strike, labour strike in British English, or simply strike, is a work stoppage caused by the mass refusal of employees to Working class, work. A strike usually takes place in response to employee grievances. Strikes became common during the Industrial Revolution, when Labour economics, mass labor became important in factories and mines. As striking became a more common practice, governments were often pushed to act (either by private business or by union workers). When government intervention occurred, it was rarely neutral or amicable. Early strikes were often deemed unlawful conspiracies or anti-competitive cartel action and many were subject to massive legal repression by state police, federal military power, and federal courts. Many Western nations legalized striking under certain conditions in the late 19th and early 20th centuries. Strikes are sometimes used to pressure governments to change policies. Occasionally, strikes destabilize the r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Union Of Mine And Metal Workers Of The Mexican Republic
The National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic (, or SNTMMSSRM) is a union of coal and copper miners, as well as iron and steel workers, in Mexico. It was founded in 1934, and in 1936 it became an affiliate of the newly formed Confederation of Mexican Workers (CTM). The SNTMMSSRM´s leaders were initially staunch allies of Vicente Lombardo Toledano, the head of the CTM. In 1949, when Lombardo Toledano left the CTM to form the rival General Union of Workers and Campesinos (UGOCM) and the Popular Party, the SNTMMSRM joined these new organizations. The unions of railroad workers (STFRM) and oil workers (STPRM) also supported Lombardo Toledano. The ruling Institutional Revolutionary Party (PRI) and the CTM saw Lombardo Toledano and these unions as a threat, and in the 1950 the government installed ''charros'' (corrupt labor bosses) in the leadership of the SNTMMSSRM. The most important of these charros was Napoleón Gómez Sada, who was the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coahuila
Coahuila, formally Coahuila de Zaragoza, officially the Free and Sovereign State of Coahuila de Zaragoza, is one of the 31 states of Mexico. The largest city and State Capital is the city of Saltillo; the second largest is Torreón and the third largest is Monclova (a former state capital); the fourth largest is Piedras Negras; and the fifth largest is Ciudad Acuña. Coahuila borders the Mexican states of Nuevo León to the east, Zacatecas to the south, and Durango and Chihuahua to the west. To the north, Coahuila accounts for a stretch of the Mexico–United States border, adjacent to the U.S. state of Texas along the course of the Rio Grande (Río Bravo del Norte). With an area of , it is the nation's third-largest state. It comprises 38 municipalities ''(Municipio (Mexico), municipios)''. In the 2020 Census, Coahuila had a population of 3,146,771. History The name Coahuila derives from native terms for the region, and has been known by variations such as Cuagüila and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coal
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is a type of fossil fuel, formed when dead plant matter decays into peat which is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous (Pennsylvanian (geology), Pennsylvanian) and Permian times. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its Electricity generation, electricity. Some iron and steel-maki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sonora
Sonora (), officially Estado Libre y Soberano de Sonora (), is one of the 31 states which, along with Mexico City, comprise the Administrative divisions of Mexico, Federal Entities of Mexico. The state is divided into Municipalities of Sonora, 72 municipalities; the capital (and largest) city of which is Hermosillo, located in the center of the state. Other large cities include Ciudad Obregón, Nogales, Sonora, Nogales (on the Mexico–United States border, Mexico-United States border), San Luis Río Colorado, and Navojoa. Sonora is bordered by the states of Chihuahua (state), Chihuahua to the east, Baja California to the west (of the north portion) and Sinaloa to the southeast. To the north, it shares a border with the United States, and on the southwest has a significant share of the coastline of the Gulf of California. Sonora's natural geography is divided into three parts: the Sierra Madre Occidental in the east of the state; plains and rolling hills in the center; and the co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cananea
Cananea is a city in the Mexican state of Sonora, Northwestern Mexico. It is the seat of the Municipality of Cananea, in the vicinity of the U.S−Mexico border. The population of the city was 31,560 as recorded by the 2010 census. The population of the municipality, which includes rural areas, was 32,936. The total area of the municipality is approximately . History The first non-indigenous inhabitants of the present day Cananea, arrived in 1760 from other parts of the Spanish Viceroyalty of New Spain (colonial México). In the 19th century General Ignacio Pesqueira, from nearby Arizpe, retired to Cananea. He fought against the Apache who raided the area. One time, while following them into the mountains, he discovered the abandoned Spanish mines and by 1868 he had renewed the extraction of minerals in the Cananea mines. General Pesqueira's wife, Elena Pesqueira Pesqueira, "discovered" a nearby mountain range (''sierra'') and the General named the highest peak ''La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
