Mexican Military Executed at Least 12, Federal Panel Says

October 22, 2014

10/21/14 New York Times 

crime sceneThe federal Human Rights Commission reported on Tuesday that Mexican soldiers had executed at least 12 people, and probably 15, in late June after a supposed shootout with gang suspects, contradicting official military accounts. The commission’s president, Raúl Plascencia, said the scene of the killings in the small town of Tlatlaya, where 22 people were reported to have died on June 30, had been altered. Bodies had been moved at the rural warehouse, he said, to suggest that everyone was killed in a shootout — the initial explanation from the Defense Department. In fact, the commission found, most of the people had surrendered before they were shot and killed.

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America Movil Asset Buyer Needs Independence Beyond Finances

October 22, 2014

10/22/14 Bloomberg 

using smartphoneSuitors for America Movil SAB (AMXL)’s assets in Mexico will have to prove they are completely independent — beyond just making sure there are no direct financial ties, according to the president of the country’s telecommunications regulator. Historical relationships and personal ties will also need to be examined, said the official, Gabriel Contreras. That may potentially put the onus onAT&T Inc. (T), which America Movil has contacted about buying parts of its Mexican mobile and landline units, people with knowledge of the matter said last month.

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Mexico’s Gulf Cartel Drug Kingpin Captured in Texas

October 22, 2014

10/21/14 Bloomberg 

hands in handcuffsThe reputed head of Mexico’s Gulf Cartel drug trafficking ring was nabbed by federal agents during a shopping trip in southTexas in the latest in a series of arrests this year on both sides of the U.S.-Mexico border. The capture of Juan Francisco Saenz-Tamez, 23, on Oct. 9 follows the arrest in February of Joaquin “El Chapo” Guzman, who was the world’s most-wanted drug boss and the alleged head of the Sinaloa drug cartel.

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U.S. West Coast Coal Exports Rise as Mexico to China Buy

October 22, 2014

10/21/14 Bloomberg

energy- oil pumps 2Coal exports from the U.S. West Coast rose to the highest in more than a decade amid demand from Mexico and Asia, providing a market for the power-plant fuel amid lower domestic consumption. Shipments from the western U.S. are up 35 percent to about 5 million tons through the first six months of this year, led by an almost six-fold jump in cargoes leaving San Francisco, according to the Energy Information Administration. That comes even as nationwide exports have fallen 15 percent.

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Mexico Exchange Chief Executive Tellez Resigns as Offerings Drop

October 22, 2014

10/21/14 Bloomberg 

financeLuis Tellez is stepping down as chairman and chief executive officer ofMexico’s stock exchange at the end of the year. Bolsa Mexicana de Valores SA didn’t name Tellez’s replacement in a filing today or say what his plans would be after he leaves. He didn’t immediately respond to a request seeking comment sent through the bourse’s press office.

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Mexico upstream bidding to start with shallow-water assets

October 21, 2014

10/20/14 Oil & Gas Journal

natural gas drillMexico plans to publish its technical bidding requirements in November, outlining logistics for the first upstream bid round, according to hydrocarbon officials visiting Houston to update the oil and gas industry on the country’s progress in opening up its assets to non-Mexican companies. On Dec. 21, 2013, Mexico’s sweeping energy reform became law, triggering a revamping of that country’s oil, gas, and electric industries. During Round One, Mexico will offer licenses and production-sharing contracts, ending a decades-old monopoly held by Petroleos Mexicanos (Pemex). Maria de Lourdes Melgar Palacios, Mexico’s undersecretary of hydrocarbons, said the country plans to open its areas in a bidding sequence starting with the shallow water. After that, bidding will involve extra-heavy oil, unconventional assets, and deep water.

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Mexico’s Alfa Plans Capital Increase to Finance Energy Projects

October 21, 2014

10/20/14 Wall Street Journal 

Energy -electricity_transmission_linesMexican conglomerate Alfa SAB said Monday it plans to issue new stock to raise capital as it seeks to take advantage of opportunities opened up for the private sector under Mexico’s new energy laws. Alfa, based in Monterrey, said in a news release that the proposal will be submitted to a shareholder vote on Nov. 4. “We intend to capitalize on opportunities created by Mexico’s energy reform and leverage our experience in shale gas, conventional exploration and production, and power generation and commercialization,” Alfa said.

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