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    iron investing

    Drug Cartels jeopardize mining in Mexico

    Investing News Network
    Oct. 15, 2010 09:54AM PST
    Base Metals Investing

    Mining firms have shuttered a handful of exploration projects in remote areas of Mexico as the industry grapples with threats from drug cartels and rising security costs, Mexico’s mining chamber said on Thursday. Steel giant ArcelorMittal (NYSE: MT) recently lodged a complaint claiming iron was being sacked from its concessions in the western state of […]

    Mining firms have shuttered a handful of exploration projects in remote areas of Mexico as the industry grapples with threats from drug cartels and rising security costs, Mexico’s mining chamber said on Thursday.

    Steel giant ArcelorMittal (NYSE: MT) recently lodged a complaint claiming iron was being sacked from its concessions in the western state of Michoacan, Jesus del Campo, an official at the economy ministry, told Reuters.

    For the full story, click here.

     

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