Mexico-based & global baking giant Grupo Bimbo announced the purchase of the multinational U.S.-based East Balt Bakeries for approximately U.S.$650 million by the end of 2017. The acquisition represents an expansion in eight new markets in Europe, Asia and Africa for the global baking company.
The international oil consortium between U.S.-based Talos Energy, Mexico-based Sierra Oil & Gas and U.K.-based Premier Oil announced the fifth largest discovery anywhere in the world in the last five years in the shallow waters of the Gulf of Mexico, which contains an estimated 1.4 to 2 billion barrels of light oil - twice as expected. Additionally, the Italy-based multinational oil and gas company, Eni, revealed a discovery of an estimated 1 billion barrels reserve.
Torex Gold, Goldcorp and Fresnillo are some of the companies that are planning investments in Mexico for approximately U.S.$2.4 billion for gold projects. As a result of these investments, the mines of “Dolores de Pan American Silver”, “San Agustin de Argonaut Gold” and “La Yaki de Alamos Gold” will be expanded between 2017 and 2020.