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Iron Ore Exporters Warned to Check Legality of Shipments from Mexico
May. 15, 2014 09:46AM PST
Base Metals Investing Seatrade Global reported that those operating ships as well as traders and charters have been given a warning by the Mexican government to double check that any iron ore they are exporting is ‘legally safe.’ The warning comes in the midst of government crackdowns regarding ties of drug cartels to illegal iron ore mining.
Seatrade Global reported that those operating ships as well as traders and charters have been given a warning by the Mexican government to double check that any iron ore they are exporting is ‘legally safe.’ The warning comes in the midst of government crackdowns regarding ties of drug cartels to illegal iron ore mining.
As quoted in the publication:
The P&I club recommended that members planning on lifting a cargo of iron ore from Mexico should ensure: that there is a valid export permit from the Mexican Ministry of Commerce, verify the shipper/exporter has been registered in the “Sectorial Export Census”, and request the name of mine the iron ore is from and verify it is registered.