Grupo México

The mining company Minera Mexico, the transportation company GMxT, the infrastructure company Fundacion Grupo Mexico, and other divisions make up the Mexican conglomerate Grupo México. Through ASARCO, its mining division ranks as the top copper producer in Mexico and the third largest in the world. With over 800 engines and 26,300 carriages operating on 11,000 km of track, it operates the largest rail fleet in Mexico. It connects 13 seaports (5 on the Pacific Ocean, and 8 on the Gulf of Mexico), five cities along Mexico's border with the United States, and five significant inland cities.

Grupo México is a mining company founded in 1978 by Raúl Antonio Escobedo and Larrea Mota Velasco. The company purchased key Mexican copper mines in Cananea and Nacozari, as well as numerous other mining sites. By 2000, Grupo México was responsible for 87.5% of Mexico's copper production and is the world's third-largest copper producer. However, the company has been in continual conflict with Local 65, the Cananea branch of the Mexican Mine Workers' Union. In 2004, Grupo México purchased a controlling interest in the Southern Peru Copper Corporation. The SPCC equity sale is subject to a litigation between Grupo México and ASARCO pending in the U.S. District Court for the Southern District of Texas under District Court Judge Andrew Hanen. As of September 2009, Grupo México's $2.5 billion bid for ASARCO was recommended by U.S. Bankruptcy Judge Richard Schmidt to U.S. District Judge Andrew Hanen as it prepared to come out of bankruptcy.

Grupo México has a market capitalization of $37.10 billion as of April 2023. Grupo México is now the world's 475th most valuable business by market capitalization.

Founded: 1978

Headquarter: Mexico City, México

Website: https://www.gmexico.com