Mexican Drug Cartel’s Dealing in Iron Ore

Friday, May 2nd, 2014
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A Mexican federal official says authorities have seized a ship loaded with more than 75,000 tons of iron ore in the Pacific port of Manzanillo and are investigating if the mineral was stolen by a drug cartel.

Federal envoy to Michoacan state Alfredo Castillo on Wednesday said authorities seized the Jian Hua after receiving a tip last week that the ship was carrying iron ore illegally extracted from mines in Michoacan.

He said the company had 30 days to show authorities that its load of iron ore was legally extracted.

Castillo has said that the Knights Templar drug cartel now counts illegal mining among its biggest moneymakers.

More to come…

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