Cancun, QRoo.- After the complaint against him before the UN for “ecological catastrophe”, Vulcan Materials announces that it will continue with the international arbitration claiming a compensation of 1,500 million dollars.
“We will continue to defend our rights through the process of arbitration in the framework of NAFTAwhich is not affected by the alleged complaint from the Government of Mexico, ”says the company in an open letter.
They also consider it objectionable that Mexico has resorted to the UN, which they point out that “it has no scope of competence in the matter.”
“Different Mexican government institutions have granted us all the corresponding permits and authorizations. What the Government of Mexico falsely calls environmental destruction is the same impact, which at the time, the government itself evaluated, authorized and considered acceptable,” reads the company’s position.
The company is currently waiting for its complaint appeal to be resolved before a court located in Cancun, Quintana Roo, which will decide whether or not to grant them the provisional suspension against the closure of three of the four properties they own in Playa del Carmen, from where they extract stone material for export to the United States.
The company maintains from 2018 a international arbitration against the government of Mexico, after the land use of two of the properties they own in Playa del Carmen was modified, which prevents them from using them as quarries for the extraction of limestone and its export to the United States.
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