IBOV 206,911.89 ▲ 7.70% IPSA 11,124.65 ▲ 1.91% IPC MEX 64,975.08 ▲ 0.69% MERVAL 2,869,488 ▲ 3.68% COLCAP 2,582.65 ▲ 2.69% BVL PERÚ 59,860.04 ▲ 0.60% USD/BRL5.00▼ 4.11% USD/MXN18.07▼ 0.07% USD/CLP970.78▼ 1.99% USD/COP3,197▲ 0.10% USD/PEN3.44▼ 0.26% USD/ARS1,520▼ 0.32% USD/UYU40.34▼ 0.30% USD/PYG5,844▲ 0.40% USD/BOB11.95▲ 0.17% USD/DOP60.10▲ 0.33% USD/CRC455.71▼ 0.15% USD/GTQ7.63▼ 0.09% USD/HNL26.86▼ 0.01% USD/NIO36.62▲ 2.96% USD/VES870.21▼ 0.01% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.68▼ 0.14% EUR/BRL5.61▼ 4.75% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 206,911.89 ▲ 7.70% IPSA 11,124.65 ▲ 1.91% IPC MEX 64,975.08 ▲ 0.69% MERVAL 2,869,488 ▲ 3.68% COLCAP 2,582.65 ▲ 2.69% BVL PERÚ 59,860.04 ▲ 0.60% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, October 6, 2026

Mexican President Weighs Deal on U.S. Mine Expropriation

By · November 6, 2023 · 2 min read

President Andrés Manuel López Obrador of Mexico is considering a potential deal involving the expropriation of a U.S.-owned mine.

The Calica-Sac-Tun mine spans roughly 2,400 hectares south of Playa del Carmen.

His plan may turn the area into a protected natural zone. He discussed this while responding to inquiries about the Vulcan Materials-owned operation’s destiny.

López Obrador admitted that he is exploring different avenues to reach an agreement.

He highlighted the importance of protecting the environment from the impacts of mining operations.

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In an effort to safeguard the region, he proposed a purchase of the mine’s land in July. Mexican authorities have provided a valuation to inform a possible purchase offer.

Intent on preserving the area, he aims to resolve this before his presidency concludes in 2024.

Should negotiations falter, the president warned that he might proceed with expropriation. He stressed the need for immediate action to protect the area.

Vulcan sued Mexico, claiming ecological harm, with a decision pending from an international investment disputes tribunal.

Mexican President Weighs Deal on U.S. Mine Expropriation
Mexican President Weighs Deal on U.S. Mine Expropriation – Calica-Sac-Tun mine.
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The tribunal will determine Mexico’s adherence to the North American Free Trade Agreement NAFTA terms.

Demanding $1.529 billion for alleged losses, Vulcan challenges the shutdown of its operations over environmental accusations last year.

Despite Vulcan’s concession lasting until 2037, they accuse Mexico of breaking a 2014 agreement designed to end legal disputes.

The Yucatán Peninsula holds geological importance, with its forests and cenotes sitting on the crater of a meteorite that likely ended the dinosaurs.

Background

Vulcan’s Yucatán venture has stirred conflict due to the region’s diverse habitats.

The site, known as Calica-Sac-Tun, covers 2,400 hectares and has ignited debate over development versus conservation.

The president’s intent to buy the land aims to transform it into a protected sanctuary. Yucatán has seen environmental pressures from various sectors.

The current administration’s approach marks a potential shift toward stronger environmental protection.

This situation underscores the global dilemma of balancing resource use with environmental care. The result could influence Mexico’s future decisions on such matters.

Yucatán is not just an ecological gem but also a cultural heritage site.

Its unique geological features, including the cenotes, are critical to local water resources and have deep cultural significance.

Vulcan’s operation has sparked a broader conversation on natural resource management in vulnerable areas, raising issues of national interest and conservation ethics.

 

 

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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