Mexico to resume iron ore exports at Lazaro Cardenas port

Friday, 13 February 2015 01:49:16 (GMT+3)   |  
       

Mexico plans to resume iron ore exports at its Lazaro Cardenas port, in Michoacan, Mexico, according to media reports. Export activity was halted in 2013 after drug cartels were revealed to be illegally shipping iron ore to China.

Michoacan is Mexico’s largest iron ore producer, and the Lazaro Cardenas port benefits from a strategic position in the Pacific coast. Reports say Mexico’s navy was fighting the shipments.

“There are two permits [exports] that were delivered and we hope to regularize the port’s situation soon,” an official said in an interview with local media.

According to reports at the time, the cartel was exporting iron ore as a way to “diversify” their operations, dominating much of iron ore supply chain in the region.

 


Similar articles

India’s NMDC Limited reports 1% fall in iron ore output in April

03 May | Steel News

ArcelorMittal sees lower net profit and sales revenues in Q1

02 May | Steel News

Daily iron ore prices CFR China - April 30, 2024

30 Apr | Scrap & Raw Materials

Raw Material Suppliers at IREPAS: General market mood hopeful for improvement

30 Apr | Steel News

Daily iron ore prices CFR China - April 29, 2024

29 Apr | Scrap & Raw Materials

India’s SMIOL to ramp up manganese and iron ore mining capacities

29 Apr | Steel News

India’s NMDC hikes prices of iron ore lumps and fines with immediate effect

29 Apr | Scrap & Raw Materials

Brazilian high-grade iron price increases

26 Apr | Scrap & Raw Materials

Daily iron ore prices CFR China - April 26, 2024

26 Apr | Scrap & Raw Materials

Major steel and raw material futures prices in China - Apr 26, 2024

26 Apr | Longs and Billet