ChedrauiLeaks is taking a close look at investments the Chedraui family has made through private companies using their considerable wealth. Such investments included Candelaria Mining Corporation, which owns the Caballo Blanco gold mine development site in the state of Veracruz. A Chedraui company, Aetus SAPI de CV, paid $2.6 million Canadian dollars for 7.3% of Candelaria Mining in 2016.
Aetus, S.A.P.I. de C.V., was founded in 2015 by its 99.99% owner, Cubo Capital, S.A. de C.V., with Roberto Gonzalez Hornedo (0.01%). Members of the Chedraui family have controlled Cubo Capital since its founding in 2008.
On June 14, 2016, Aetus paid $2.6 million Canadian dollars (roughly 37 million pesos at the time) for a 7.3% ownership stake in Candelaria Mining Corporation with the option until December 2017 to acquire more shares. ChedrauiLeaks has been unable to find any updates specifying what, if any, percentage Aetus has owned since June 2016.
According to Candelaria’s website as of March 18, 2019, its flagship project is the Caballo Blanco Gold Project, a mining development site 65 kilometers northwest of the city of Veracruz. Candelaria also has a presence in Zacatecas, where development of the Pinos Gold Project is currently underway.
ChedrauiLeaks obtained a copy of the British Columbia corporate registry summary for Candelaria Mining as of January 23, 2018 (see below).
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