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Monday, July 15, 2019
06:08 PM
Mexico Central Time
MARKETS AND DATA: US Dollar: $12.65 Euro: $16.78 Gold: US$1,327 Silver: US$20.39 Mex Crude: US$102.50 Cetes 28: 3.85%
Auto Industry Rescue in Coahuila
The State of Coahuila unveiled an auto industry aid to rescue the local automotive industry. Under the name of Programa de Reactivación de la Industria Automotriz, the incentive program is meant to increase car sales independently of the car´s value. Consumers that purchase new cars in Coahuila will get significant discounts on vehicle taxes.
2009-11-07 20:06:10

Mar de Cortes Airport
Mar de Cortes International Airport has opened its doors as a commercial access to the Puerto Peñasco Rocky Point region.
2009-11-06 00:07:15

PEMEX Investments in 1st Semester 2009
PEMEX has invested $6.5 billion U.S. Dollars in the first semester of 2009. This figure represents 1/3 of the total investment plan for 2009 which was originally calculated in $19.4 billion U.S. Dollars.
2009-07-19 23:33:30

PEMEX steady Jan-May results
The daily production was 2.650 million barrels; slightly below the company´s year projection of 2.7 million barrels per day. The average export price in May was US$55.71 per barrel.
2009-06-20 18:22:51

Crude Oil prices are going up!
Mexican Crude Oil reported the highest price in the year at US$64.44 per barrel. This figure is close to the government 2009 budget estimation of US$70.
2009-06-10 11:06:09

Mining, a recent investment phenomenon
Foreign investment in the Mexican mining sector is a recent phenomenon, dating to reforms of the country’s mining law in 1990. Since then, the government has issued a total of 628 titles of mining exploration and production to foreign companies. In 2008 the foreign investment in Mexican mining projects accounted for 25 percent of all foreign investment inflows to Mexico. Canada is the largest source of foreign investment in Mexico’s mining industry.
2009-05-22 14:17:24

PEMEX Investments and Perspectives
For the year 2009 the Mexican Congress has an approved investment plan of $19.4 billion U.S. Dollars for PEMEX. Since these funds come from the Government budget, and PEMEX is a state owned company, the crude oil international price does not have an effect on the company´s investment decisions in 2009. However, the estimations made for the rest of the years will be affected by the future prices and the fiscal capacity of the Mexican Government.
2009-05-13 08:44:08

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