Company report
Summary Results
Grupo México’s strongest performances are in the formal commitments it has made on business ethics, anti-bribery and corruption, and occupational health and safety. The company also shows evidence of taking measures to implement these commitments and tracking its performance on occupational health and safety.
However, Grupo México’s overall results are limited by a lack of evidence on Lifecycle Management. For example, no evidence was found of the company having committed to plan for mine closure from an early stage or systematically manage its impacts through all phases of a mining operation. Likewise, no evidence was found of Grupo México designing and planning its operations to manage post-closure transition for workers or affected communities.
Grupo México also sees some of its lower performances on Community Wellbeing issues. For example, while the company has made a commitment to respect human rights, no evidence was found of it having conducted human rights due diligence assessments or of having systematically reported on its performance in managing human rights issues.
The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.
All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.
Relative company performance
Commitment (11 indicators)
Action (41 indicators)
Effectiveness (21 indicators)
Indicator-by-indicator results
Economic Development
A.01 National and Regional Socio-Economic Development Planning
A.02 Procurement
A.03 Capacity Building
A.04 Enhancing the National Skills Base
Selected Mine sites results
Mine sites individually assessed but not included
in the overall company score
| Mine Site Name | Local Procurement (score /6.00) | Local Employment (score /6.00) | Community grievance mechanism (score /6.00) | Workers grievance mechanism (score /6.00) | Water quality and quantity (score /6.00) | Biodiversity management (score /6.00) | Mine site (score /6.00) |
|---|---|---|---|---|---|---|---|
| Cananea | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
| Cuajone | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
| La Caridad | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
| Santa Bárbara | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
| Toquepala | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
List of all mine sites
| Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types |
|---|---|---|---|---|---|
| Cananea | Buenavista del Cobre | Mexico | 85.2 | Copper, Gold, Molybdenum, Silver | Open-pit |
| Charcas | Mexico | 85.2 | Silver, Copper, Lead, Zinc | Underground | |
| Cuajone | Peru | 85.2 | Copper, Silver, Molybdenum, Gold | Open-pit | |
| La Caridad | Mexico | 85.2 | Copper, Molybdenum, Gold, Silver | Open-pit | |
| Mission | USA | 100 | Gold, Silver, Copper, Molybdenum | Open-pit | |
| Nueva Rosita | Mexico | 85.2 | Coal | Open-pit | |
| Ray | USA | 100 | Gold, Silver, Copper | Open-pit | |
| San Martín | Mexico | 85.2 | Silver, Lead, Zinc, Copper | Open-pit | |
| Santa Bárbara | Mexico | 85.2 | Copper, Lead, Silver, Zinc | Underground | |
| Santa Eulalia | Mexico | 85.2 | Silver, Lead, Zinc | Underground | |
| Silver Bell | USA | 100 | Copper | Open-pit | |
| Taxco | Mexico | 85.2 | Gold, Silver, Copper, Lead, Zinc | Open-pit | |
| Toquepala | Peru | 85.2 | Copper, Gold, Silver, Molybdenum | Open-pit |
Closed mine sites (controlled assets under care & maintenance, closure or post-closure management)
| Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types | Year of closure |
|---|---|---|---|---|---|---|
| Black Cloud | Leadville | USA | 60 | Coal | Underground | 1999 |
| Coy | Tennessee | USA | 100 | Copper, Zinc | Open-pit | 2001 |
| Pasta de Conchos | Mexico | 85.2 | Coal | Underground | 2007 |
Main Shareholders
| As of: 09/02/2018 | Shares (%) |
|---|---|
| Empresarios Industriales de Mexico, S.A. de C.V. | 38.54 |
| Larrea Mota Velasco (Germán) | 15.45 |
| Velasco Macgregor (Sara Mota) | 2.88 |
| OppenheimerFunds, Inc. | 2.01 |
| BlackRock Institutional Trust Company, N.A. | 1.78 |
| The Vanguard Group, Inc. | 1.49 |
| BNY Mellon Asset Management | 1.1 |
| Dimensional Fund Advisors, L.P. | 1.05 |
| Fidelity International | 1.05 |
| Brown Brothers Harriman & Company | 0.96 |
| Banco Inbursa, S.A. F/1783 Maximino Salazar Nava | 0.92 |
| Norges Bank Investment Management (NBIM) | 0.77 |
| Operadora de Fondos GBM S.A.B. de C.V. | 0.62 |
| Lazard Asset Management, L.L.C. | 0.48 |
| Impulsora de Fondos Banamex S.A. de C.V. | 0.45 |
Known Subsidiaries
| As of: 31/12/2016 | Country |
|---|---|
| Americas Mining Corporation | USA |
| ASARCO | USA |
| Concesionaria de Infraestructura del Bajío, S.A. de C.V. | Mexico |
| Controladora de Infraestructura Energética México, S.A. de C.V. | Mexico |
| Controladora de Infraestructura Petrolera, S.A. de C.V. | Mexico |
| Ferrocarril Mexicano, S.A. de C.V. | Mexico |
| Ferrosur, S.A. de C.V. | Mexico |
| Grupo Ferroviario Mexicano, S.A. de C.V. | Mexico |
| Grupo Mexico, SAB de C.V. | Mexico |
| Grupo México Servicios de Ingeniería, S.A. de C.V. | Mexico |
| Grupo México Transportes, S.A. de C.V. | Mexico |
| Infraestructura y Transportes Ferroviarios, S.A. de C.V. | Mexico |
| Intermodal México, S.A. de C.V. | Mexico |
| México Compañía Constructora, S.A. de C.V. | Mexico |
| México Proyectos y Desarrollos, S.A. de C.V. | Mexico |
Known Tax Jurisdictions
| Mexico | Peru | USA |
Recent involvements in Investor/State investment disputes (since 2014)
Disclaimer
The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.
This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.
The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.
It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.
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