Mexico renews iron ore exports once tapped by drug cartel
MEXICO CITY (AP) — Mexico is again issuing permits for iron ore exports to China from an area where a drug cartel had deeply penetrated the industry.
Mexico shut down much of the ore exports from the western state of Michoacan in 2014 because the Knights Templar cartel was involved in as much as a quarter of the shipments.
Economy Secretary Ildefonso Guajardo said Tuesday that about one-quarter of the 8 million tons of ore exported in 2012 lacked the proper paperwork and may have been cartel-related.
After a crackdown on illegal mining and shipments, Mexico’s iron ore exports fell from 10 million tons in 2013 to 2.2 million in 2014.
The department says it has granted the first two permits to renew shipments from the Michoacan port of Lazaro Cardenas.