Lalo Acquires Two More IOCG Projects in Baja, Mexico
Lalo Ventures Ltd. (TSX VENTURE:LAL) is pleased to announce that it has added to its portfolio two more Iron Oxide Copper Gold ("IOCG") projects in Baja Mexico. The two mineral concessions enclose ground underlain by Late Cretaceous intrusions belonging to the same suite as those which host the iron oxide-hosted mineralization at the Anglo-American/Cardero Resources San Fernando prospect.
El Mesquite concession, an area of 39,333 hectares, lies contiguous to the northwest of Anglo-American/Cardero’s large land package in the San Fernando district. Granitoid rocks of the San Fernando suite are exposed on the eastern side of El Mesquite concession. The western side of the concession is underlain by a thin cover of sedimentary rocks of uppermost Cretaceous age. It is probable that the San Fernando intrusions extend westward beneath this younger cover.
La Maya II concession covers a 30,000 hectare area 70 km southwest of the port of Ensenada. The concession is underlain by Cretaceous intrusions which exhibit the same style of alteration as that observed at San Fernando. The alteration zone covered by the concession is extensive and lies 5-10 km from tidewater.
“Given the recent positive developments of Anglo and Cardero, it is important for Lalo to move forward aggressively on our IOCG ground in Baja,” says Lalo CEO Ari Sussman. “We are excited to be strategically placed in this new belt as the hunt ensues for economic IOCG deposits.”
Lalo is in the final stages of formulating an extensive work program on both of these concessions along with existing concessions to take place in the first quarter of 2006. Details will be released in due course.
More: ccnmatthews.com
Alcan acquires packaging plant in Monterrey, Mexico; price not disclosed
Alcan Inc. has acquired a 250-employee packaging business in northern Mexico as the Montreal-headquartered company expands in the Mexican market.
Alcan said Tuesday it paid an undisclosed price for the packaging assets of Recubrimientos y Laminaciones de Papel, S.A. de C.V., also known as Relapasa, of Monterrey, Mexico.
The acquisition of Relapasa, with 2005 sales of about $22 million US, expands Alcan Packaging Mexico to 1,250 employees at three plants.
"The Monterrey site will provide an expanded manufacturing platform to accelerate Alcan's food and specialty flexible packaging growth in the Mexican
Lionsgate acquires Spanish film rights from Mexico's Mach 8
Lionsgate is beefing up its position in the Latino market, acquiring the North American home video and video-on-demand distribution rights to films from Mexican production house Mach 8.
Financial terms were not disclosed.
The company will get access to Mach 8's coming releases along with the company's entire 62-title library.
"Study after study shows the growth of the buying power of the Latino community in the United States," said Lionsgate president Steve Beeks in a release.
"It is by far the fastest growing segment of our population and we have always recognized
Mexico: Baja by car
We topped a ridge to see a vast panorama of jumbled boulders, chocolate-brown hills and red, flat-topped mesas. Marching up and down the slopes were legions of giant cactus, all of them armed, dangerous and starkly beautiful. I inhaled sharply, startled by the curious splendor of the place.
We had entered a magical region of Baja California's Desierto Central (Central Desert). It was a scenic payoff for the arduous miles we had driven on Route 1, the Transpeninsular Highway. It was one of many such payoffs during a four-day adventure on Baja's mother road.
The journey took us through
Baja Sports
Playa El Medano
Cabo San Lucas, Mexico
Attraction Type: Things to do
Iran probably win oil contracts in Mexico,Nigeria
Ahmad Azimi, managing director of Iranian Offshore Engineering and Construction Company (IOEC), said that his company would probably win two major offshore oil contracts in Mexico and Nigeria, MNA said.
He explained that the projects consisted of offshore pipe-laying or installing oil platforms. He added that the details of the projects would be announced after the negotiations are finalized.
Azimi put the value of Mexico offshore project at $500 mln, noting that the discussions on the Nigerian project are underway.
More: iranmania.com
Whales wash up dead near Mexicos Baja coast
Eleven beaked whales were washed up on beaches near Mexicos sparsely populated Baja California peninsula and all of them died, the countrys environmental protection agency said on Friday.
The whales were found earlier this week mostly on islands in the Sea of Cortez, also known as the Gulf of California, and had been dead for several days, an official at the Profepa agency said.
He said the cause of the whales deaths was being investigated. A group of squid, which the whales feed on, was also found dead nearby.
Beaked whales
Strong 6.7 magnitude earthquake occurs off Mexico's Baja California coast
A strong 6.7-magnitude earthquake occurred in the pre-dawn hours off the coast of the Baja California peninsula in the Sea of Cortes, also known as the Gulf of California, the U.S. Geological Survey's National Earthquake Center in Golden, Colorado reported.
The quake occurred about 2:32 a.m. local time (0832 GMT), and was centered about 56 miles (89 kilometers) northeast of Santa Rosalia, Baja California. The quake occurred at an estimated depth of six miles (10 kilometers), the center reported.
The area is sparsely populated, and there were no immediate reports of damage
General Cable Acquires Mexico-Based Business
General Cable Corp., a leading global supplier of wire and cable products for the energy, specialty, industrial, and communications markets, announced Friday that it has acquired Beru S.A. de C.V. (Beru) based in Cuernavaca, Mexico. Beru operates an automotive aftermarket assembly and distribution operation with annual revenues of approximately $7 million per year.
"The acquisition of Beru is part of our ongoing strategy to support our customers' planned growth initiatives in the expanding Mexican automotive aftermarket. Beru brings to General Cable a profitable, low-cost assembly operation and available capacity to support this growth," said Roger Roundhouse, vice
Mexico tycoon to donate for health projects
Mexican billionaire Carlos Slim, the worlds third-richest man, will give away a chunk of his fortune by matching donations to health, education and social programs in Mexico, a close aide said on Wednesday.
Slim, who owns a telecoms and retail empire and has a fortune estimated at over $30 billion, will meet all contributions dollar for dollar, said Arturo Elias Ayub, his spokesman and aide.
We want to offer Mexican or foreign foundations that we will match any amount they invest in social work in Mexico, Elias Ayub said. It was unclear how much
$1 billion guaranteed for projects in Mexico
The U.S. Export-Import Bank has approved $1 billion in long-term loan guarantees for U.S. companies providing equipment and services to Petróleos Mexicanos, Mexico's state-owned oil company.
The three loans are for oil and natural gas exploration, development and production in Mexico, and they will involve nearly 300 U.S. companies, many of which are in Texas.
A $300 million loan guarantee will finance U.S. companies working on the Strategic Gas Program, which aims to help meet Mexico's increasing demand for natural gas. Offshore Drilling Co. and Noble Mexico, both of Houston, and Sugar Land-based Noble Campeche are
