Grupo México
    Quick access
    Headquarters
    Mexico
    Stock Exchange Listings
    BVL: GMEXICOB
    Workforce
    Employees: 31,596 (31/12/2018)
    Contract workers: Not reported (31/12/2018)
    Total: Not reported (31/12/2018)
    Geographic Footprint
    Producing countries: 3
    Known tax jurisdictions: 4
    Revenues (in BUSD)
    Total Revenue: 10.495 (31/12/2018)
    Net Income: 1.692 (31/12/2018)
    State Ownership
    No State ownership
    2017 Fatalities
    Total worker fatalities: 3
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 1
    • Employees: 0
    • Contract workers: 1
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    Absolute results remain low overall and Grupo México’s results are largely dependent on the formal commitments it has made, to prevent bribery and corruption and to ensure safe and healthy working conditions. In addition, as evidence of Grupo México’s continuous improvement efforts since the RMI Report 2018 the company has established a formal, dedicated commitment statement on human rights.

    Grupo México ranks 31st among the 38 companies on its mine-site-level results, with an average score of only 1% in the mine-site assessment.

    In the company-wide assessment, Grupo México’s overall results are below the average across all 38 companies in all six thematic areas, and the company’s results are limited by a lack of evidence of action on some key issues. For example, Grupo México shows no evidence of tracking and reviewing the effectiveness of its whistleblowing mechanisms or its management of human rights issues. In addition, the company shows no evidence of ensuring its operations plan for the management of post-closure transition for workers and affected communities, or conduct and disclose integrated assessments of their environmental and social impacts.

    Moreover, Grupo México’s results in the mine-site assessment are strikingly weak. Aside from some limited evidence on worker grievances, none of the five mine sites assessed show any relevant evidence for any of the other issues covered by this assessment: local employment, local procurement, post-closure planning, community grievances, air quality, water quality and quantity, and emergency preparedness.

    Overall results

    Economic Development

    0.71 / 6.002020
    0.90 / 6.002018

    Business Conduct

    0.91 / 6.002020
    1.00 / 6.002018

    Lifecycle Management

    0.36 / 6.002020
    0.06 / 6.002018

    Community Wellbeing

    0.33 / 6.002020
    0.12 / 6.002018

    Working Conditions

    1.38 / 6.002020
    1.28 / 6.002018

    Environmental Responsibility

    0.70 / 6.002020
    0.53 / 6.002018

    Average Mine-Site Score

    1%2020
    2020
    0.71
    score / 6
    2018
    0.90
    score / 6

    Economic Development

    2020
    0.91
    score / 6
    2018
    1.00
    score / 6

    Business Conduct

    2020
    0.36
    score / 6
    2018
    0.06
    score / 6

    Lifecycle Management

    2020
    0.33
    score / 6
    2018
    0.12
    score / 6

    Community Wellbeing

    2020
    1.38
    score / 6
    2018
    1.28
    score / 6

    Working Conditions

    2020
    0.70
    score / 6
    2018
    0.53
    score / 6

    Environmental Responsibility

    2020
    1
    %

    Average Mine-Site Score

    Compare with 2018 results

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    CananeaCuajoneLa CaridadSanta BárbaraToquepala
    Local Employment
    (score /3)    		0.00.00.00.00.0
    Local Procurement
    (score /3)    		0.00.00.00.00.0
    Post-Closure Plans
    (score /3)    		0.00.00.00.00.0
    Community Grievances
    (score /3)    		0.00.00.00.00.0
    Worker Grievances
    (score /3)    		0.50.00.50.50.0
    Air Quality
    (score /3)    		0.00.00.00.00.0
    Water Quality
    (score /3)    		0.00.00.00.00.0
    Water Quantity
    (score /3)    		0.00.00.00.00.0
    Tailings Management
    (score /3)    		0.00.00.00.00.0
    Emergency Preparedness
    (score /3)    		0.00.00.00.00.0
    Mine-site Score
    (%)    		1.70.01.71.70.0

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    CananeaBuenavista del CobreMexico88.9Molybdenum, Copper, Gold, SilverOpen-pit
    Charcas-Mexico88.9Copper, Zinc, Lead, SilverUnderground
    CoimolacheTantahuatay 2, Ciénaga NortePeru44.2Gold, SilverOpen-pit
    Cuajone-Peru88.9Molybdenum, Copper, Gold, SilverOpen-pit
    La Caridad-Mexico88.9Molybdenum, Copper, Gold, SilverOpen-pit
    Mission-USA100Molybdenum, Copper, Gold, SilverOpen-pit
    Nueva Rosita-Mexico88.9CoalOpen-pit
    Ray-USA100Copper, Gold, SilverOpen-pit
    San Martín-Mexico88.9Copper, Zinc, Lead, SilverOpen-pit
    Santa Bárbara-Mexico88.9Copper, Zinc, Lead, SilverUnderground
    Santa Eulalia-Mexico88.9Zinc, Lead, SilverUnderground
    Silver Bell-USA100CopperOpen-pit
    Taxco-Mexico88.9Copper, Zinc, Lead, Gold, SilverOpen-pit
    Toquepala-Peru88.9Molybdenum, Copper, Gold, SilverOpen-pit

    Closed mine sites (known)
    (controlled assets under care & maintenance, closure or post-closure management)

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
    Black CloudLeadvilleUSA60CoalUnderground1999
    CoyTennesseeUSA100Copper, ZincOpen-pit2001
    Pasta de Conchos-Mexico88.9CoalUnderground2007

    Tailings (known)

    NameCountryStatusConstruction MethodImpact-based hazard category (company-reported)
    Buenavista , New tailings damMexicoActiveDownstreamNot reported
    Buenavista , Tailings dam # 3MexicoActiveDownstreamNot reported
    Charcas , Tailings damMexicoActiveUpstreamNot reported
    Cuajone and Toquepala , Quebrada HondaPeruActiveDownstreamNot reported
    La Caridad , Tailings dam # 7MexicoActiveDownstreamNot reported
    Santa Barbara , Noriega damMexicoActiveUpstreamNot reported
    Santa Eulalia , Tailings damMexicoActiveUpstreamNot reported

    Shareholders (known)

    As of: 31/12/2018Shares (%)
    Empresarios Industriales de Mexico, S.A. de C.V.40.49%
    Larrea Mota Velasco (Germán)18.87%
    Invesco Advisers, Inc.2.33%
    BlackRock Institutional Trust Company, N.A.2.18%
    Pershing LLC1.97%
    The Vanguard Group, Inc.1.61%
    Banco Inbursa, S.A. F/1783 Maximino Salazar Nava1.08%
    Dimensional Fund Advisors, L.P.0.96%
    Fidelity International0.79%
    Norges Bank Investment Management (NBIM)0.60%
    Lazard Asset Management, L.L.C.0.51%
    azValor Asset Management SGIIC, SAU0.44%
    International Value Advisers, LLC0.40%
    Operadora de Fondos GBM S.A.B. de C.V.0.36%
    Investec Asset Management Ltd.0.28%

    Beneficial Owners (known)

    As of: 31/12/2018Shares (%)
    Germán Larrea Mota Velasco18.87
    María del Consuelo Saenz y Couret0.2
    Alfredo Casar Pérez0.04
    Oscar González Rocha0.04
    Xavier García de Quevedo Topete0.02
    Rafael Mac Gregor Anciola<0.01%
    Carlos Ruiz Sacristán<0.01%
    Enrique Castillo Sánchez Mejorada<0.01%
    Edgard Corrales<0.01%
    Raúl Jacob<0.01%
    Jorge Lazalde<0.01%

    Subsidiaries (known)

    As of: 31/12/2018Country
    AMC Mining Iberia, L.S.U.Not Reported
    Americas Mining CorporationNot Reported
    Americas Sales Company, Inc.Not Reported
    AMMINCO Apoyo Administrativo, S.A. de C.V.Not Reported
    Asarco IncorporatedNot Reported
    ASARCO LLC.USA
    Asarco USA IncorporatedNot Reported
    Buenavista del Cobre, S.A. de C.V.Not Reported
    Campeche Jackup, S.A. de C.V.Not Reported
    Chihuahua Jackup, S.A. de C.V.Not Reported
    Cía. de Terrenos e Inversiones de San Luis Potosí, S. C. por A., S. A.Not Reported
    Cía. Hotelera La Caridad, S. A. de C. V.Not Reported
    Compañía Perforadora México Operadora, S.A. de C.V.Not Reported
    Compañía Perforadora México, S.A.P.I. de C.VNot Reported
    Concesionaria Autopista Silao, S.A. de C.V.Not Reported

    Tax Jurisdictions (known)

    Mexico

    Peru

    Spain

    USA

    Investor / State Disputes
    (since 2014)

    No case

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