Carlos Slim to open gold mines in Mexico
Carlos Slim is eyeing gold.
The Mexican magnate and world's richest man announced that one of his major companies has plans to open two mines in Mexico's northern state of Chihuahua, in an investment of about $367 million. The new mining operation is expected to generate 4,000 jobs, said the governor of the violence-plagued state, where Ciudad Juarez is located.
In a news conference in Chihuahua City, Gov. Cesar Duarte called the plan a "breath of fresh air."
Mining is a booming sector for Slim's empire. The new mines will extract gold, zinc and other minerals. Earlier this year, a police raid allowed the company Grupo Mexico to regain control of a mine in northern Mexico that striking workers had occupied for almost three years. That mine in Cananea, Sonora, is slowly reopening.
-- Daniel Hernandez in Mexico City
Photo: Magnate Carlos Slim. Credit: EPA
....Gold -finger!!!! the man with the midas touch~~~~
Posted by: erik self | November 10, 2010 at 07:22 AM
Well, it seems to me that this Mexican magnate has decided to expand his business empire in Chihuahua which by the way is a troubled northern Mexican State. Wonder if the so called "King Midas" won't encounter any troubles .
Posted by: Siul Miranda | November 08, 2010 at 01:26 PM
Is Carlos nutts? Announcing such a thing in the middle of the cartel wars? Good luck Carlos!!
Posted by: ISHECRAZY? | November 07, 2010 at 05:54 PM