MEXICO CITY — An American quarry business on Monday declined the Mexican president’s project of criticisms and closures, as well as his deal to buy its residentialorcommercialproperty on the Caribbean coast.
In July, President Andrés Manuel López Obrador used to buy the American business’s Caribbean coast residentialorcommercialproperty for about $385 million inthemiddleof a bitter, years-long conflict.
Alabama-based Vulcan Materials stated in a declaration Monday that deal “substantially underestimates our properties.”
In documents submitted on the case in an global arbitration panel, Vulcan Materials valued the nearly 6,000-acre (2,400 hectare) home, situated simply south of the resort town of Playa del Carmen, at $1.9 billion.
The Mexican president has in the past threatened to expropriate the comprehensive home, declaring the pits it has dug to extract crushed limestone haveactually harmed the vulnerable system of underground rivers and caves in the location.
But Vulcan Materials declined the charge. “Our operations have not negatively impacted underground caves, cenotes or historical websites. In truth, we haveactually mapped, secured and maintained these important resources,” the business stated in a declaration.
Instead, the business declared that some other quarries in the location haveactually been operating unlawfully. “Unlike other quarrying websites that