Mexico president wants 'definitive' closure of Vulcan facilities

Mexican President Andres Manuel Lopez Obrador said on Tuesday that he wants the closure of U.S. construction company Vulcan Materials' VMC facilities in the country to be "definitive."

The company has been engaged in a years-long conflict with Mexico's government after officials ordered a halt to limestone quarrying at Vulcan's mining unit in the coastal state of Quintana Roo in 2022, alleging environmental damages by the company.

"We're going to resolve it legally. There's a closure, yes, but I want there to be a definitive closure because the damage that they have caused is great," Lopez Obrador said in a regular news conference on Tuesday.

Vulcan has denied the accusations of environmental damages and has claimed that Mexico has illegally expropriated its investments in Mexico. The firm did not immediately respond to a request for comment on Tuesday.

The president in May said that the site had not been expropriated, only closed, and that it would remain closed at least until he leaves office in October.