Germán Larrea Mota-Velasco
Germán Larrea Mota-Velasco is a Mexican billionaire businessman. He is the CEO of Grupo México, Mexico’s largest mining corporation, and the third largest copper producer in the world.
- Germán Larrea Mota Velasco owns the majority of Mexico’s largest copper mining company, Grupo México, which also has operations in Perú and the U.S.
- Under his leadership as president and CEO, Grupo México expanded into the infrastructure and rail transportation sectors.
- In 2014, the mining company faced scrutiny after a spill at its copper mine in Sonora, Mexico contaminated two rivers nearby.
- The company agreed with a government request to deposit $150 million in a trust to compensate local residents harmed by the spill.
- In 2017, Larrea spun off Grupo Mexico‘s transport division into a new listed company, GMexico Transportes, part owned by two of Carlos Slim’s firms.
