Reuters exclusively reports Mexico’s top copper miner planning $3.1 billion Baja, refining spend

Reuters exclusively reported that Grupo Mexico is planning $3.1 billion in new investments for metals refining in Sonora state and power infrastructure for a major mine that will bring cheaper electricity to the isolated Baja peninsula, the company’s No. 2 executive told Reuters. Grupo Mexico Vice Chairman Xavier Garcia de Quevedo detailed nearly $9 billion in investments through 2027, including a previously-announced $2.8 billion for its proposed El Arco copper mine, which would anchor the Baja power investment.