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Mexico in Brief, nuestro boletín electrónico mensual, está a su disposición en esta sección. Nuestro Mexico in Brief resume las noticias de negocios más relevantes en México, así como los principales indicadores económicos. Nuestro archivo está organizado por número de edición y fecha referente. Por favor consúltelo a su conveniencia y refiéranos cualquier comentario mediante la liga que aparece abajo, o escribiéndonos a .(JavaScript must be enabled to view this email address).

From Mexico In Brief Newsletter

CFE TO INVEST IN THE NEXT FIVE YEARS.

Monday, July 3, 2017

The Mexican Federal Electricity Commission, or CFE, will make an investment of approximately U.S.$14.4 billion in the next five years. Approximately U.S.$8.8 billion will be invested for the area of electricity generation to increase capacity to more than eight gigawatts, approximately U.S.$2.1 billion will be invested in transmission-related projects, and the remainder will be used to update the national transmission grid and improve efficiency levels in operation and maintenance.

FRESNILLO PLC TO BUILD PYRITE PLANT NEXT YEAR.

Monday, July 3, 2017

Mexican precious metals mining company Fresnillo Plc will invest approximately U.S.$155 million in the construction of a pyrite plant in the Mexican State of Zacatecas in 2018. This first stage of the project is planned to start on early 2018 and the second stage, which will be a flotation plant, is planned for 2019.

KIMBERLY-CLARK TO INVEST IN EXPANSION IN MEXICO.

Monday, July 3, 2017

U.S.-based multinational personal care corporation Kimberly Clark announced that it will invest in the next four years an amount of approximately U.S.$250 million in the expansion of its production plant in the Mexican State of Michoacan.

MEXICO HOLDS SUCCESSFUL FIRST PHASE OF ROUND TWO’S OIL BIDDING PROCESS.

Monday, July 3, 2017

The Mexican National Hydrocarbons Commission (CNH) officially launched the second round of Mexico’s oil bidding process, also called Round 2, by successfully awarding ten out of the fifteen shallow-water blocks that were up for grabs in its first phase.  Italian oil company Eni was the big winner of the day with three blocks awarded, one that will be produced by itself and two in consortia with UK-based Capricorn, and Mexico-based Citla Energy; these two companies also won a block in a separate consortium that did not include the Italian oil company.  Also, Mexico’s national oil company, Pemex, was awarded with two blocks: one in consortium with German DEA Deutsche Erdoel, and the other in consortium with Colombia’s Ecopetrol, which also won another block in a separate joint-venture with Malaysia-based PC Carigali.  Russia-based Lukoil won also a block, as well as a joint-venture between two oil majors: French Total and Dutch Shell.  Lastly, a consortium between Spain’s Repsol and Mexico’s Sierra Oil & Gas was awarded also a block.  The estimated total investment for the ten production-sharing agreements that will be executed by the winners of the tender could reach approximately U.S.$8.2 billion and the Mexican state will receive an average of 77.4% of the profits of the projects.

MEXICO’S CFE ENTERS TAIWAN’S BOND MARKET WITH 30-YEAR TRADE.

Monday, July 3, 2017

The Mexican Federal Electricity Commission, or CFE, successfully placed a depreciable bond, raising approximately U.S.$750 million, in Taiwan’s Formosa bond market.  The bond, which matures in June 2047 and gives the investor a yield at maturity of 5.15% for 30 years, has made the CFE the first Mexican issuer to tap this bond market.

RITZ-CARLTON TO OPEN MEXICO CITY HOTEL.

Monday, July 3, 2017

Ritz-Carlton Hotel Company, L.L.C. confirmed its plan to open its first hotel in Mexico City in 2019, which will involve an investment of approximately U.S.$100 million and will be developed jointly with Thor Urbana, GFA and Heldan Hotels & Resorts. This Ritz-Carlton hotel will be part of the luxury hotel line of the U.S.-based multinational hotel company Marriot and will represent its entry into one of the region’s most prominent capital cities.

THE MEXICAN STOCK EXCHANGE CONTINUES ACTIVE.

Monday, July 3, 2017

The Mexican Stock Exchange has continued to be active in the recent months.  Mexico Infraestructure Partners accomplished the placement of Capital Development Certificates, or CKDs, for approximately U.S.$294 million to finance infrastructure and energy projects.  Additionally, Gava Capital, a Mexican-based investment fund, carried out the placement of CKDs for an amount of approximately U.S.$111 million to invest in real-estate projects.

XCARET TO BUILD A SUPER TOURIST DEVELOPMENT IN THE RIVIERA MAYA.

Monday, July 3, 2017

Mexico-based hotel group Grupo Experiencias Xcaret will invest approximately U.S.$2 billion in the construction of a new massive tourist development in the Mayan Riviera, in the Mexican State of Quintana Roo. The ten-year project contemplates five stages of construction that include hotels, a convention center, a stadium and a mall. The first stage, which had an investment of approximately U.S.$350 million, will be inaugurated on December 1st of this year, and includes the 900-room Xcaret Mexico Hotel, as well as the installation of 11 restaurants and eight bars.

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