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News Vulcan Materials to increase compensation claims against the Mexican government from US$1.9bn

Vulcan Materials to increase compensation claims against the Mexican government from US$1.9bn

Written by Global Cement staff 05 April 2023
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Mexico: Vulcan Materials is reportedly preparing to launch new legal action against the government of Mexico. The government supported an alleged illegal entry by Cemex into the company's Punta Venado cement terminal on 14 March 2023. The cement producer is engaged in existing lawsuits against the government for compensation worth a total sum of US$1.9bn. It originally sued the government for US$529m in 2019. Local press has reported that the producer previously filed a subordinate claim to its suit for incursions onto its mining operations in Quintana Roo in mid-2022. The latter supplied limestone to Vulcan Materials' US operations.

Last modified on 05 April 2023
Published in Global Cement News
Tagged under
  • Mexico
  • Vulcan
  • US
  • SacTun
  • Government
  • Court
  • Mining
  • Limestone
  • Licence
  • Export
  • GCW602
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