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Energy costs pinch Cananea

Bnamericas
Sonora state officials in northern Mexico are working with Grupo Mexico (G-Mex; BMV: GMEXICOB) to reduce its energy rates there that cost the local copper producer up to 130% more than in other areas of the country. Sonora is home to G-Mex' Cananea copper mine, where profitability is being pinched by costly power rates due to the facility's high energy consumption, according to information on the energy ministry's website.

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