Correspondent, Mexico
Mica's Feed
Oct 10, 2011

Hurricane Jova speeds up near Mexico’s Pacific coast

MEXICO CITY (Reuters) – Hurricane Jova gained speed on Monday as it headed for one of Mexico’s busiest cargo ports and popular tourist resorts along the country’s beach-lined Pacific coast.

The storm, with top winds reaching 125 miles per hour, was about 220 miles southwest of the port city of Manzanillo at 1800 GMT, the Miami-based National Hurricane Center said.

Oct 7, 2011

Mexico’s Pemex does not see Repsol dividend changes

MEXICO CITY, Oct 6 (Reuters) – Mexico’s state oil monopoly
Pemexdoes not want to change the dividend policy of
Spanish energy firm Repsol that might harm current investment
plans, the company’s chief executive officer said on Thursday.

In August, Pemex announced it was doubling its stake in
Repsol and forming a voting alliance with the largest
shareholder, builder Sacyr , a move opposed by Repsol.

Oct 6, 2011

Police abuses rattle faith in Mexico’s drug war

MEXICO CITY/CIUDAD JUAREZ (Reuters) – Mexico is spending on its federal police forces like never before as it fights powerful drug cartels, trying to overcome a long history of corruption, abuse and incompetence.

For Antonia Renteria and for many others, the effort has failed.

Renteria accuses federal agents of torturing her two sons into false confessions in Ciudad Juarez on the U.S. border.

Oct 3, 2011

Guatemalans live in fear again as drug gangs move in

COBAN, Guatemala (Reuters) – Fifteen years after the end of a brutal civil war in Guatemala that sent tens of thousands of people fleeing to Mexico, refugees are again camping at the border.

But these days they are running from a new kind of conflict — the occupation by drug traffickers of large swathes of Guatemala’s territory.

Sep 22, 2011

Bustling Mexico port new front in drugs war

MEXICO CITY (Reuters) – Draped near 35 bodies dumped in broad daylight close to the busy port of Veracruz was an ominous message to Mexico’s most violent drug cartel.

“This is going to happen to all you Zeta shits operating in Veracruz,” read the banner found on Tuesday in the Boca del Rio shopping district of Veracruz. “The territory now has a new boss.”

Sep 12, 2011

Retired general leads Guatemala vote, faces run-off

GUATEMALA CITY (Reuters) – A right-wing retired general promising a crackdown on rampant crime led Guatemala’s Sunday presidential election, although he fell short of the votes needed to avoid a run-off in November.

Silver-haired Otto Perez who promises to send troops into the streets to fight criminal gangs, won 36 percent support with almost all the votes counted, far short of the more than 50 percent needed for an outright first-round victory.

Sep 12, 2011

Retired general well-placed to lead Guatemala election

GUATEMALA CITY (Reuters) – Guatemalans anxious for relief from out-of-control crime voted for a new president on Sunday with right-wing retired general Otto Perez well-placed to take an early lead.

Very early results gave the 60-year-old head of the right-wing Patriot Party about 36 percent of the vote, after counting of just over 1 percent of the ballots.

Sep 11, 2011

Crime fears color Guatemala’s presidential vote

GUATEMALA CITY (Reuters) – Guatemalans anxious for relief from out-of control crime vote for a new president on Sunday with the leading candidates promising to crack down on gangs and drug cartels terrorizing the country.

A 60-year-old retired general, Otto Perez, is way ahead in polls after the ruling center-leftist party failed to field a candidate but he may fall short of the 50 percent of votes needed to avoid a November run-off.

Aug 31, 2011

Mexico should tap huge shale gas reserves-regulator

MEXICO CITY, Aug 31 (Reuters) – Mexico’s potential shale
gas resources are nearly as big as those in the United States
and the state oil company should use new private incentive
contracts to exploit them, the oil industry regulator said on

Mexico holds the world’s fourth largest reserve of shale
gas — 681 trillion cubic feet (tcf) of technically recoverable
resources according to the U.S. Energy Information
Administration, or EIA — just behind China, the United States
and Argentina.

Aug 30, 2011

Mexico’s Pemex wants deep water tech in Repsol deal

MEXICO CITY, Aug 30 (Reuters) – Mexico’s state oil monopoly
Pemex said on Tuesday it aims to boost its access to top-end
technology to explore for oil in the deep waters of the Gulf of
Mexico by increasing its stake in Spanish oil firm Repsol.

Pemex also sees a financial advantage of doubling its stake
in Repsol to almost 10 percent, but has no intentions of taking
over the Spanish-controlled company, the Mexicans said.

    • About Mica

      "I cover commodities and general news in Mexico and Central America and as part of the team in Latin America reported on the outbreak of swine flu, a coup in Honduras and the earthquakes in Haiti and Chile. Before Mexico, I was based in Guatemala for two years."
    • Follow Mica