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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Post by marpip3on Mar 26, 2015 11:59am
168 Views
Post# 23564485

Mexico says thousands of companies targeted foe extortion

Mexico says thousands of companies targeted foe extortionMarch 25/2015   https://www.cnbc.com/id/102535122
Thousands of smaller Mexican companies have been subject to extortion demands by criminal gangs, but larger, foreign-owned firms have seldom been acknowledged as targets.

MEXICO CITY (AP) — An arson attack on a subsidiary of a U.S. energy-services firm was part of an extortion attempt, prosecutors in southern Mexico said Wednesday.

The attorney general in the Gulf coast state of Tabasco, Fernando Valenzuela, said five attackers forced their way into the company's yard and burned three trucks.

"Unfortunately, the motive was extortion," Valenzuela told the Radio Formula station.

He confirmed local media accounts that the attackers said the arson was punishment for the company ignoring demands for protection payments.

Valenzuela said the attackers appeared to be familiar with the plant's facility near the state capital of Villahermosa.

He added that there was a previous arson attack against another oil-services firm in January. It was unclear if those two attacks were related.

Thousands of smaller Mexican companies have been subject to extortion demands by criminal gangs, but larger, foreign-owned firms have seldom been acknowledged as targets.

The company whose compound was attacked was identified by prosecutors as Key Energy Service, and the company appears to be a unit of Houston-based Key Energy Services Inc.

Repeated calls to the company's U.S. and Mexican offices went unanswered.

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