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Torex Gold Resources Inc T.TXG

Alternate Symbol(s):  TORXF

Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in the exploration, development, and operation of its 100% owned Morelos Gold Property. The Morelos Gold property covers an area of approximately 29,000 hectares in the prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limon Guajes mining complex (ELG or the ELG Mine Complex), comprising the El Limon, Guajes and El Limon Sur open pits. The Company also hosts the Media Luna deposit, which is an advanced stage development project located approximately seven kilometers from ELG. The Company’s El Limon Guajes underground mine includes Sub-Sill and El Limon Deep, and processing plant and related infrastructure, and the Media Luna deposit.


TSX:TXG - Post by User

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Post by marpip3on Mar 26, 2015 12:02pm
67 Views
Post# 23564506

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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