Banco Santander revealed intentions to make a cash offer of 24 Mexican pesos per share or €550 million to acquire the remaining 8.3% stake in its Mexican subsidiary Santander México. According to the Spanish banking group, the offer is attractive to both its shareholders and that of Santander México. The deal is also said to […]
Canada-based VanGold Mining has signed a definitive asset purchase agreement to acquire the El Cubo mine in Mexico from Endeavour Silver for $15 million. The El Cubo silver-gold mine and mill complex are located 8km northeast of VanGold Mining’s El Pinguico silver-gold project. James Anderson – VanGold Mining Chairman and CEO said: “Everyone at VanGold […]
ACCIONA and its partner Grupo México have won a contract worth MX$17.8 billion (€713 million) for the construction of Section 5 of the Mayan Train project in Mexico from Fondo Nacional de Fomento de Turismo (Fonatur). The work for Section 5 involves the construction of electrified double rail tracks, that are 60.3km in length. Section […]
US-based Golden Minerals Company has commenced mining operations at its Rodeo gold project in the Mexican state Durango. The company said that it had started blasting at the open-pit gold operation last week. Golden Minerals Company has drilled initial blastholes on the 1460 bench in an area that has outcropping mill-grade gold mineralization along with […]
McCormick acquisition of Cholula Hot Sauce : US spice manufacturer McCormick & Company has agreed to acquire Cholula, the parent firm of Mexican hot sauce brand Cholula Hot Sauce from L Catterton, for $800 million in cash. According to McCormick, the products of Cholula Hot Sauce are highly complementary to its existing hot sauce portfolio […]
Sapura Energy, a Malaysian oil and gas services company, has won three contracts with a total value of 840 million Malaysian Ringgit ($206 million) in South America and Africa. The contracts include a couple of major project wins in South America, and a drilling contract in the Ivory Coast. In South America, Sapura Energy’s subsidiary […]
Equinox Gold said that it has temporarily suspended mining activities at its Los Filos Mine in Mexico since 3 September due to an “illegal road blockade” by members of the neighboring Carrizalillo community. The Canadian gold mining company said that the individuals are accusing it of not complying with the community social collaboration agreement, which […]
Emerson said that Jaguar Exploración y Producción, a Mexican oil and gas company, will employ its exploration and production (E&P) software and services to maximize the potential of its onshore assets and projects. The Mexican oil and gas company intends to use Emerson’s E&P software solutions for seismic and well data analysis, petrophysical analysis and […]
US midstream company Williams said that its Devils Tower Spar platform will offer offshore natural gas and oil gathering and production handling services to LLOG Exploration Offshore’s Taggart development under a new tieback agreement signed by the parties. The Devils Tower Spar platform is located in the Mississippi Canyon area of the Gulf of Mexico, […]
Qatar Petroleum has signed three farm-in deals for acquiring nearly 30% of Total’s participating interest in blocks 15, 33, and 34 located in the Campeche basin in Mexican waters. As per the Qatari national oil company, each of the farm-in deals is subject to customary regulatory and other approvals from the existing partners of the […]