Pemex open to buy refinery abroad
14/12/2010 22:42
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Petroleos Mexicanos (Pemex) announced that there is no time limit on the analysis it is performing for the acquisition of a refinery outside Mexican territory so the option is open.
In recent days, during negotiations with the oil Velero, among others from the United States, the director of Pemex, Juan Jose Suarez Coppel, said that they are considering 'so seriously' the purchase of a refinery, but he did not give any further details.
At least 21 refineries -located in the Gulf of Mexico coast in the United States in the same region where operates the refinery plant Deer Park (where Pemex is a partner), are available for sale and one of them could be acquired by Mexican federal government at an affordable cost compared to the construction of a new industrial complex.
Information for international analysts and the Petroleum Administration for Defense District, states that refiners made transactions to sell complex at prices ranging from $300,000 - $500,000 million and up to one billion dollars.
The value is below the cost of the refinery that will be built in Tula, Hidalgo, estimated at $10 billion dollars.
According to experts, Mexico is the country with more leverage to make profits, because many of the refineries for sale have excellent logistics synergy for the country due to its proximity and because it can immediately import oil and diesel, instead of wait eight years to build a new refinery.
Pemex is the Mexican government company in charge of the total hydrocarbons produced in the country.
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jueves, 16 de diciembre de 2010
Mexico Needs Structural Reforms In Mining
Mexico needs structural reforms in mining
14/12/2010 22:58
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According to estimates by the Mining Chamber of Mexico (Camimex), Mexico could receive investment for up to $13,083 billion dollars in the mining sector for the period 2010 – 2012.
However, this investment is at risk if structural reforms in the energy, fiscal and labor sector are not carried out. For this reason there is a risk that Mexico's mining sector lost profits obtained from the so-called 'mining boom' expected worldwide for the next decade, informed the Camimex.
Experts share this view. Doug E. Stretton, director of mining asset management of PriceWaterhouseCoopers (PwC) said that the strengths of Mexico to take advantage of global mining growth are its geographical location, its bilateral trade and potential to develop infrastructure that would allow the country to move its mineral exploitation abroad and obtain profits.
Mining sector has also begun to emerge locally. Only in 2010 Mexican mining production has become the fourth largest manufacturing sector in Mexico, behind oil generation, remittances and tourism.
According to data provided by Camimex it is expected that later this year, Mexican mining production hovers around $10 billion dollars in production value.
But this amount is only a sample of what the Mexican mining sector can represent for the country.
According to estimates of the Mining Chamber of Mexico, if reforms required for this industry are carried out, investment could reach $4,018 billion dollars for 2011 and $4,484 billion dollars for 2012. This would mean that production value could increase over the next two years.
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14/12/2010 22:58
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According to estimates by the Mining Chamber of Mexico (Camimex), Mexico could receive investment for up to $13,083 billion dollars in the mining sector for the period 2010 – 2012.
However, this investment is at risk if structural reforms in the energy, fiscal and labor sector are not carried out. For this reason there is a risk that Mexico's mining sector lost profits obtained from the so-called 'mining boom' expected worldwide for the next decade, informed the Camimex.
Experts share this view. Doug E. Stretton, director of mining asset management of PriceWaterhouseCoopers (PwC) said that the strengths of Mexico to take advantage of global mining growth are its geographical location, its bilateral trade and potential to develop infrastructure that would allow the country to move its mineral exploitation abroad and obtain profits.
Mining sector has also begun to emerge locally. Only in 2010 Mexican mining production has become the fourth largest manufacturing sector in Mexico, behind oil generation, remittances and tourism.
According to data provided by Camimex it is expected that later this year, Mexican mining production hovers around $10 billion dollars in production value.
But this amount is only a sample of what the Mexican mining sector can represent for the country.
According to estimates of the Mining Chamber of Mexico, if reforms required for this industry are carried out, investment could reach $4,018 billion dollars for 2011 and $4,484 billion dollars for 2012. This would mean that production value could increase over the next two years.
www.tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
SCT Will Expand Infraestructura Of Lazaro Cardenas Port
SCT will expand infrastructure of Lazaro Cardenas Port
15/12/2010 20:46
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The Secretariat of Communications and Transportation (SCT) awarded the land where the second phase of the Specialized Container Terminal I (TEC I) of Lazaro Cardenas Port will be developed.
$200 million dollars will be allocated for this project in a first phase to increase the terminal capacity at 400,000 20-foot containers (TEUs). This will allow reaching a capacity of 1’250,000 containers.
As part of the contract of Partial Cession of Rights that has the Port Authority Administration (API) of Lazaro Cardenas with the concessionaire, the SCT recently granted 28 hectares, where a 330-meter length quay will be constructed.
This expansion project, expected to be completed in October next year in its first phase, is part of the 2007-2012 National Infrastructure Program implemented by the Federal Government.
From January to October 2010, the port moved 658,119 TEUs, representing an increase of 38% over the same period last year, at the end of this year is expected to reach 784,000, informed the SCT.
www.tibesarealty.com.mx
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15/12/2010 20:46
Imprimir
The Secretariat of Communications and Transportation (SCT) awarded the land where the second phase of the Specialized Container Terminal I (TEC I) of Lazaro Cardenas Port will be developed.
$200 million dollars will be allocated for this project in a first phase to increase the terminal capacity at 400,000 20-foot containers (TEUs). This will allow reaching a capacity of 1’250,000 containers.
As part of the contract of Partial Cession of Rights that has the Port Authority Administration (API) of Lazaro Cardenas with the concessionaire, the SCT recently granted 28 hectares, where a 330-meter length quay will be constructed.
This expansion project, expected to be completed in October next year in its first phase, is part of the 2007-2012 National Infrastructure Program implemented by the Federal Government.
From January to October 2010, the port moved 658,119 TEUs, representing an increase of 38% over the same period last year, at the end of this year is expected to reach 784,000, informed the SCT.
www.tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
Disneylandis Maya Under Construction Mexican Group Xcaret
Disneylandia Maya under construction
15/12/2010 21:36
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Grupo Xcaret will invest $12 million dollars to develop in January 2011, a cultural tourism resort in the archaeological zone of Chichen Itza in Yucatan.
The project, named last year by the State Governor Ivonne Ortega Pacheco as Disneylandia Maya, will officially start construction of the Mayan Palace, next to the cenote (natural well) Aban.
Miguel Quintana Pali, president and CEO of Grupo Xcaret, revealed that the consortium will also invest in the construction of 3 small hotels near the city of Valladolid, and a hostel for tourist services in the cenote Aban.
Each of the hotels will cost $1 million dollars and will be small buildings with 30 luxury rooms.
The architectural proposal for cenote Aban, whose works will begin during the second half of next year, consists in endowing it with more vegetation, landscaped gardens and large terraces, including a restaurant.
La propuesta arquitectónica para el cenote Abán, cuyos trabajos iniciarán el segundo semestre del próximo año, consiste en dotarlo de más vegetación, de grandes jardines y enormes terrazas, incluido un restaurant
www.tibesarealty.com.mx
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15/12/2010 21:36
Imprimir
Grupo Xcaret will invest $12 million dollars to develop in January 2011, a cultural tourism resort in the archaeological zone of Chichen Itza in Yucatan.
The project, named last year by the State Governor Ivonne Ortega Pacheco as Disneylandia Maya, will officially start construction of the Mayan Palace, next to the cenote (natural well) Aban.
Miguel Quintana Pali, president and CEO of Grupo Xcaret, revealed that the consortium will also invest in the construction of 3 small hotels near the city of Valladolid, and a hostel for tourist services in the cenote Aban.
Each of the hotels will cost $1 million dollars and will be small buildings with 30 luxury rooms.
The architectural proposal for cenote Aban, whose works will begin during the second half of next year, consists in endowing it with more vegetation, landscaped gardens and large terraces, including a restaurant.
La propuesta arquitectónica para el cenote Abán, cuyos trabajos iniciarán el segundo semestre del próximo año, consiste en dotarlo de más vegetación, de grandes jardines y enormes terrazas, incluido un restaurant
www.tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
OHL Spanish Company Obtained $2 billion Pesos to Complete Work In the State Of Mexico
OHL obtained $2 billion pesos to complete work in the State of Mexico
15/12/2010 20:49
OHL Mexico, the operator of infrastructure with Spanish capital, obtained a $2 billion pesos loan from the National Infrastructure Fund (FNI) to complete construction of Phases I and II of the Circuito Exterior Mexiquense (Exterior Loop of the State of Mexico).
The loan has a term of 16 years, informed OHL Mexico, without disclosing the interest rate that will pay to FNI to use those funds.
The Circuito Exterior Mexiquense it comprised by a set of highways, with 155 kilometers in length, surrounding Mexico City in the northeast and connecting to three of the four main gateway highways to Mexico: Mexico-Puebla, Mexico-Pachuca and Mexico-Queretaro.
OHL Mexico has the concession to build and operate the loop until 2040. Currently it has 60 kilometers of highways in operation, while the infrastructure company has already built 44% of the total.
www.tibesarealty.com.mx
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15/12/2010 20:49
OHL Mexico, the operator of infrastructure with Spanish capital, obtained a $2 billion pesos loan from the National Infrastructure Fund (FNI) to complete construction of Phases I and II of the Circuito Exterior Mexiquense (Exterior Loop of the State of Mexico).
The loan has a term of 16 years, informed OHL Mexico, without disclosing the interest rate that will pay to FNI to use those funds.
The Circuito Exterior Mexiquense it comprised by a set of highways, with 155 kilometers in length, surrounding Mexico City in the northeast and connecting to three of the four main gateway highways to Mexico: Mexico-Puebla, Mexico-Pachuca and Mexico-Queretaro.
OHL Mexico has the concession to build and operate the loop until 2040. Currently it has 60 kilometers of highways in operation, while the infrastructure company has already built 44% of the total.
www.tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
Australians Acquire Roads Of Durango
Australians acquire roads of Durango
05/12/2010 14:21
Macquarie Group signed a sale agreement to acquire the company Desarrollos Carreteros del Estado de Durango, a dealership of the companies Rostec de Mexico and Carreteras y Tecnologia en Concretos.
The Australian company dedicated to the development of infrastructure, did not disclose financial details of the operation, but in case of closing, it will get permission to operate and maintain for 20 years, 10 toll free road stretches in the State of Durango.
Macquarie explained that the closing of the transaction is still subject to approval by the authorities and to obtain funding to carry out various projects on highways stretches.
www.tibesarealty.com.mx
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05/12/2010 14:21
Macquarie Group signed a sale agreement to acquire the company Desarrollos Carreteros del Estado de Durango, a dealership of the companies Rostec de Mexico and Carreteras y Tecnologia en Concretos.
The Australian company dedicated to the development of infrastructure, did not disclose financial details of the operation, but in case of closing, it will get permission to operate and maintain for 20 years, 10 toll free road stretches in the State of Durango.
Macquarie explained that the closing of the transaction is still subject to approval by the authorities and to obtain funding to carry out various projects on highways stretches.
www.tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
Mexico Clears Way For Maiden Real Estate Investment
Mexico clears way for maiden real estate investment
Escrito por Real Estrategy 2 Internacional Dic 14, 2010
Mexico will offer shares of its first real estate investment trust early next year as Latin America’s second-largest economy mints an asset that could help stimulate property markets.
Investors have complained for years that Mexican real estate investment trusts, known as REITs, were impossible to structure due to murky tax rules and and other costly regulation.
Market uncertainty and a small pool of eligible properties have also discouraged investors but local financiers have bundled 16 commercial and industrial properties that will underpin the new security.
“These kinds of instruments are never easy to structure. Piece by piece, though, we have put the puzzle together,” said Augusto Arellano, director of Protego Asesores, which spent 18 months putting together the REIT to be dubbed ‘Fibra Uno’ after the Spanish acronym for the security.
Mexico finance ministry officials have helped clarify the federal tax treatment for REITs while some states in Mexico have forgone their tax take in order to encourage the market, Arellano said.
Regulators have also recently cleared the way for Mexican pension funds to bet some of their $114 billion on the new security in a move that should reassure outside investors.
President Felipe Calderon has tried to stir infrastructure investments by cutting red tape and pushing the pension funds to invest in roads, bridges and other construction projects.
The size of the new REIT has not been disclosed but one source close to the deal said he expects the security to go on the block before the end of February.
Mexico’s commercial and industrial real estate sector is underdeveloped compared to regional peers like Brazil, where foreigners see securities markets as more dynamic.
Lawmakers created a Mexican version of real estate investment trusts more than five years ago but the securities have not been used due chiefly to adverse tax implications.
“The shared view is that the tax uncertainty was the main obstacle,” Arellano said.
Since they bundle a variety of real estate projects, REITs add liquidity to the market while hedging risk for investors. The securities, which can be traded like shares, typically shield the fund from corporate income tax.
Santander, Merrill Lynch and UBS are to help shepherd the investment to global investors.
www.tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
Escrito por Real Estrategy 2 Internacional Dic 14, 2010
Mexico will offer shares of its first real estate investment trust early next year as Latin America’s second-largest economy mints an asset that could help stimulate property markets.
Investors have complained for years that Mexican real estate investment trusts, known as REITs, were impossible to structure due to murky tax rules and and other costly regulation.
Market uncertainty and a small pool of eligible properties have also discouraged investors but local financiers have bundled 16 commercial and industrial properties that will underpin the new security.
“These kinds of instruments are never easy to structure. Piece by piece, though, we have put the puzzle together,” said Augusto Arellano, director of Protego Asesores, which spent 18 months putting together the REIT to be dubbed ‘Fibra Uno’ after the Spanish acronym for the security.
Mexico finance ministry officials have helped clarify the federal tax treatment for REITs while some states in Mexico have forgone their tax take in order to encourage the market, Arellano said.
Regulators have also recently cleared the way for Mexican pension funds to bet some of their $114 billion on the new security in a move that should reassure outside investors.
President Felipe Calderon has tried to stir infrastructure investments by cutting red tape and pushing the pension funds to invest in roads, bridges and other construction projects.
The size of the new REIT has not been disclosed but one source close to the deal said he expects the security to go on the block before the end of February.
Mexico’s commercial and industrial real estate sector is underdeveloped compared to regional peers like Brazil, where foreigners see securities markets as more dynamic.
Lawmakers created a Mexican version of real estate investment trusts more than five years ago but the securities have not been used due chiefly to adverse tax implications.
“The shared view is that the tax uncertainty was the main obstacle,” Arellano said.
Since they bundle a variety of real estate projects, REITs add liquidity to the market while hedging risk for investors. The securities, which can be traded like shares, typically shield the fund from corporate income tax.
Santander, Merrill Lynch and UBS are to help shepherd the investment to global investors.
www.tibesarealty.com.mx
www.tibesarealty.com.mx/wordpress/
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