Mexico’s Pemex chose Japan’s Mitsui to complete $2.6-billion plant

Mexican state oil company Pemex has chosen Japanese conglomerate Mitsui as its partner for a $2.6 billion coking plant project at its Tula refinery in a preliminary deal, two sources said. A global slump in oil prices since late 2014 and mounting debt have forced the Mexican oil firm to seek partners to help fund key projects. So far, Pemex has invested $1.24 billion in the $2.6 billion coking plant project, according to the company. Reuters reports. Goldcorp sees 35 percent output drop in Mexican gold mine Canadian gold producer Goldcorp said it forecasts a 35 percent drop this year in output from its Peñasquito gold mine in Mexico. The mine has potential, but needs to be improved, said Goldcorp […]

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