Sales in the mining division fell 7.4% from the year earlier, while revenues in the transport division grew 16.1%.

Meanwhile, consolidated earnings before interest, tax, depreciation and amortization (EBITDA) fell 6.6% to total $1.97 billion.

Grupo Mexico is one of the world’s largest copper producers, with mines in Peru, the United States, Spain and its home base of Mexico. The firm is controlled by billionaire German Larrea.

(Reporting by Valentine Hilaire; Editing by Kylie Madry)