Showing posts with label Drugs. Show all posts
Showing posts with label Drugs. Show all posts

Tuesday, March 11, 2014

Why Mexican drug-traffickers started smuggling iron ore to China

The Economist explains
Mar 9th 2014, 23:50 by H.T. | MEXICO CITY
The Economist
IT IS big, bulky, you can’t snort it, and it doesn’t get you high. Per tonne, it sells for about $125, compared with cocaine, which fetches at least $50m wholesale. By any reckoning, iron ore would seem like a daft thing to peddle if you were in the drugs trade. Yet on March 3rd Mexican authorities seized nearly 120,000 tonnes of it near the port of Lázaro Cárdenas on the Pacific coast. Much of it they reckon was due to be smuggled to China by the Knights Templar, a bloodthirsty drug-trafficking outfit. Officials say that the business had become even better for the Templars than drugs.