Grupo Mexico will sell most of its highway business, including stakes in CIBSA, OIBSA, and Autopista Silao, for 7.7 billion pesos ($406.4 million). The deal, pending regulatory approval, is set to close in late 2025. Funds will support investment projects and general corporate expenses across Grupo Mexico’s operations.
Chesapeake Gold Corp. completed a $4.44M non-brokered private placement with Eric Sprott’s 2176423 Ontario Ltd., issuing 3.7M units at $1.20 each. Each unit includes one share and half a warrant, exercisable at $1.65 for three years. Proceeds will fund oxidative leach technology, exploration, and working capital. Sprott now holds 17.9% of shares. The transaction, a related party deal, awaits TSXV approval.
In Mexico City, a Federal Labor Court ruled that the Tizapa Mining Company’s actions caused a nine-month strike by Section 219 of the National Mining Union. The court ordered the company to pay full back wages and address contract violations. The union, led by Napoleón Gómez Urrutia, hailed the ruling as historic, citing the company’s refusal to share profits and ensure safety.
Mexico Mining Center © 2021 / All Rights Reserved
