AMLO prepares to take over Vulcan Property

Protected area: Lopez Obrador speaks during an event at the National Palace in Mexico City. AMLO has alleged environmental damage and sent the Mexican marines to occupy the land, but Vulcan’s CEO denies this and cites international awards.

MEXICO CITY: The Mexican government is preparing to take control of a quarry and port owned by Vulcan Materials Co on the nation’s Caribbean coast after years of negotiations failed to produce a deal to buy the property, according to people familiar with the plans.

President Andres Manuel Lopez Obrador’s administration is planning to declare the land south of the resort city of Playa del Carmen a natural protected area, according to the people, who requested anonymity because they were not permitted to speak publicly.