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Search resuls for: "Esteban Moctezuma"


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MEXICO CITY, July 27 (Reuters) - Mexico plans to offer 6.5 billion pesos ($390 million) to U.S. construction company Vulcan Materials for land it holds in the southeast of the country, President Andres Manuel Lopez Obrador said on Thursday, in a bid to resolve an ongoing dispute. Since then, Vulcan has been unable to export its production and is demanding over $1.5 billion in compensation from the ICSID. "We did an appraisal (...) and it has a value of around 6,500 million Mexican pesos ($386.99 million)," he added, noting the intention to buy all the company's 2,400 hectares (5,930.5 acres) in the area. Lopez Obrador previously proposed the company convert its operation, in the Caribbean state of Quintana Roo, into a tourist development with a port for cruise ships. ($1 = 16.7677 Mexican pesos)Reporting by Diego Ore; Writing by Isabel Woodford; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.
Persons: Andres Manuel Lopez Obrador, Vulcan, Esteban Moctezuma, Lopez Obrador, Quintana Roo, Diego Ore, Isabel Woodford, Richard Chang Organizations: MEXICO CITY, Vulcan, Thomson Locations: MEXICO, Mexico, U.S, Caribbean, Quintana, United States
[1/4] Mexican Foreign Minister Marcelo Ebrard raises his fist while announcing he will resign next week to focus on winning the nomination of the leftist National Regeneration Movement (MORENA) ruling party for next year's presidential election, at a hotel in Mexico City, Mexico, June 6, 2023. Mexico's U.N. ambassador Juan Ramon de la Fuente and ambassador to the U.S. Esteban Moctezuma are seen by many analysts as the favorites to replace Ebrard as foreign minister. As foreign minister, it is harder for Ebrard to address domestic issues than for Sheinbaum and Interior Minister Adan Augusto Lopez, another leading contender, Buendia said. Following Ebrard's announcement, MORENA party chairman Mario Delgado told Mexican radio the party's contenders would ultimately have to resign to ensure a fair contest. During Monday's meeting, Lopez Obrador said he had urged the party to remain united, and pledged not to influence the outcome of MORENA's internal contest.
Persons: Marcelo Ebrard, Andres Manuel Lopez Obrador, Mayor Claudia Sheinbaum, Ebrard, Mexico's U.N, Juan Ramon de la Fuente, Esteban Moctezuma, Lopez Obrador, MORENA, Jorge Buendia, Marquez, Buendia, Adan Augusto Lopez, Lopez, Mario Delgado, Dave Graham, Anthony Esposito, Gerry Doyle, Raju Gopalakrishnan Organizations: Foreign, Regeneration, Read, MEXICO CITY, Mayor, U.S, Thomson Locations: Mexico City, Mexico, MEXICO, U.S, Mexican, State of Mexico
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