- Business
- Grupo México, S.A.B. de C.V. (GMEXICOB.MX) operates as a Mexican conglomerate primarily engaged in copper mining, multimodal freight transportation, and infrastructure development. The company conducts mining activities through subsidiaries such as Minera México and Southern Copper Corporation, producing copper, molybdenum, silver, zinc, gold, and lead from 14 mines and exploration projects in Mexico, Peru, the United States, Chile, Ecuador, Argentina, and Spain; transportation services via Ferromex, Ferrosur, and Florida East Coast Railway, managing over 11,000 kilometers of track and 40 intermodal facilities across Mexico and key U.S. states including Texas and Florida; and infrastructure projects encompassing engineering, construction, oil wells, fuel terminals, power plants, wind farms, toll roads, and contributions to the Tren Maya rail initiative. Founded in 1978 and headquartered in Mexico City at Campos Elíseos 400, the company ranks as the fourth-largest copper producer worldwide with the largest copper reserves globally, serving industrial clients in mining, logistics, and energy sectors across the Americas and select international markets. Recent developments include a 2025 binding offer to acquire up to 100% of Grupo Financiero Banamex from Citigroup to bolster financial services presence while ensuring majority Mexican ownership, ongoing operations at advanced facilities such as the Buenavista del Cobre Concentrator Plant II and SX/EW Plant III, and sustained infrastructure expansions like wind farms, combined cycle power plants, and highway concessions.