Infrastructure: Key for Mexico's Resilience in 2023
The Mayan Train also heralded a resurgence of passenger trains. On Nov. 20, 2023, President López Obrador published a decree aimed to enhance passenger service through already existing freight rail tracks. The decree encompasses the modernization of 17,484km of railway infrastructure. In its initial phase, the government …
Indigenous communities score victories against two mining projects …
Indigenous communities score victories against two mining projects in Mexico. In recent months, top federal courts in Mexico have canceled controversial mining concessions near Indigenous communities in two regions of Puebla state. About 100 Indigenous activists are now on a monthlong caravan to defend land and water rights …
Grupo México: Future Profitability Underpinned By Solid …
Together, the mining divisions hold the world's largest copper reserves. SCC trades on stock exchanges in New York and Lima. The company's mining division comprises 14 mines, three metallurgical complexes and exploration projects in Mexico, Peru, the US, Spain, Chile, Ecuador and Argentina.
Mining Project Due Diligence in Mexico
One of the prime pre-investment risks to mining in Mexico is the security situation within 100 to 300 km of the mine. The multiple stakeholders within that radius and their complicated webs must be the core focus of any security review. In parts of Mexico, mining projects can be threatened by three powerful forces: organized crime, political …
Mexico's Mining Outlook – First Look at MMF 2024 PDAC
The total value of national mining production in 2022 amounted to MX$316.9 billion (US$15.7 billion), marking a 5.3% decline from 2021. Gold, copper, silver, iron pellets, and zinc stood out as the top five minerals, contributing to 86.3% of the overall mining production. The mining sector continues to play a pivotal role in Mexico's ...
Grupo México to Boost Copper Projects in 2024
Grupo México announced that three copper projects will advance significantly in 2024: El Pilar, Buenavista Zinc, and El Arco, as more Mexican mining companies choose to focus on copper due to the growing demand for the mineral as industries go through their green transition. Grupo México announced that El Pilar, located in Sonora, …
Mexican mining projects and largest operations
Mexican mining projects account for 4 of the world's 9 largest operations. They are controlled by three domestic companies as well as one international company. ... Mexicanist. Sep 12, 2022 — 2 min read. Four of the nine largest mining operations in the world are located in Mexico. Photo by Shane McLendon / Unsplash. This post is for …
ArcelorMittal Will Invest US$154.4 Million in Michoacan Mine
ArcelorMittal announced that it will invest MX$3 billion (US$154.4 million) in its Las Truchas mine in Michoacan. The CEO said that the objective of the investment is to increase iron production capacity from 1 million tons to 2.3 million tons. The announcement comes after the company struggled with the city council of Lazaro Cardenas at the ...
Mexican mining industry expects investments to rise 15% in …
Mexico's mining industry plans to invest $5.5 billion in 2022, up 15.2% from 2021, the Mining Chamber of Mexico (Camimex) said on Tuesday, but will remain below …
Terronera Silver-Gold Project, Jalisco State, Mexico
More. Terronera is a major underground silver and gold mine proposed to be developed by Endeavour Silver in San Sebastian mining district in the Jalisco state of Mexico. The first pre-feasibility study (PFS) for the project was completed in August 2018, while an updated PFS was released in July 2020. The latest PFS suggests a 1,600 tonnes per ...
President Lopez Obrador Is Hurting Mexico's Mining Sector
Mexico's mining chamber, CANIMEX, estimates that mining companies invested $5.5 billion in Mexico in 2022, up 15% from 2021, but down 32% from the $8 billion of investment money that Mexico's ...
Top Mexican mining projects to watch in 2021
39,000+. 95,000+. BNamericas presents its pick of 10 key Mexican mining projects to watch in 2021, as companies seek to progress assets toward production.
Mining in Mexico – statistics & facts | Statista
Five centuries later, the country is amongst the top ten global producers of more than 15 metals and minerals. In 2021, the mining sector represented 1.5 percent of Mexico's GDP and boasted a ...
Grupo México to Boost Copper Projects in 2024
Grupo México announced that three copper projects will advance significantly in 2024: El Pilar, Buenavista Zinc, and El Arco, as more Mexican mining …
Mexico's president calls for ban on open-pit mining
Of the 250 mines hosted by the nation, 97 are open-pit projects, mostly located in Chihuahua, Zacatecas, Sonora and San Luis Potosí. Key producers include Fresnillo, Newmont, Grupo Mexico and ...
BNamericas
Mining in Mexico: 10 exploration projects to watch in 2021. Bnamericas Published: Monday, January 04, 2021. Types of mining Gold Open pit mining Studies Licensing & Concessions.
Mexico Mining Market Size & Trends Analysis Report, 2030
The Mexico mining market size was valued at USD 1.83 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030. Increasing demand for precious metals, non-ferrous, and non-metallic products in the end-use industries such as construction, automotive, electrical & electronics, and aerospace & …
Mexico Mining – Construction Project Pipeline for 2022
Capex: US$848 million. Metals: Gold, copper and silver. Stage: Under construction. Projected Operational Start: 1Q25. Media Luna received an investment …
Major overhaul to Mexico's mining regulation | United …
Mining exploration activities are to be undertaken by the Mexican Geological Service only; provided that private parties may submit relevant data (e.g. as to the existence of minerals or metals in a given area) for the Ministry of Economy to analyze and consider the possibility of issuing bids for mining concessions.
10 Mexican mining projects to watch in 2022
Mining companies are planning key strides forward at 10 projects in 2022, including advances in development, studies, acquisitions and exploration.
Operations & Projects
Overview. Peñasquito, located about 780 kilometres northwest of Mexico City, produces gold, silver, lead and zinc. There's an airport on site, and a 1,900-bed camp with full dining, laundry and recreational facilities. The operation has an open pit mine, Peñasco, and two processing facilities.
Keeping Track of Developing Mining Projects in Mexico
One of the states that has a prominent mining history in Mexico is Sonora, considered the largest contributor to the country's mining industry with an outstanding share of 34.2 percent, according to CAMIMEX. Of the 1,190 active projects throughout the country, Sonora is home to 267 projects, representing 22 percent of national total.
2023's Mining Industry Marked by Opportunity, Uncertainty
Another challenge for the mining industry in 2023 is the lack of new projects. According to Taylor, there are over 822 projects on stand-by, which represents 68% of the projects in Mexico. This has also impacted exploration investment. While less investment in exploration is a global trend, Mexico has been experiencing drops in this area for ...
2022: A Great Year for Mining Projects in Mexico
2022: A Great Year for Mining Projects in Mexico. By Paloma Duran | Journalist and Industry Analyst - Wed, 01/05/2022 - 11:28. Major mining projects are expected to begin production in 2022, after some were delayed due to lack of funding, …
How a US mining firm sued Mexico for billions
Twice the Mexican government turned down the mining permit – once in 2016, and again, definitively, in 2018, saying the mine "sought to uninterruptedly dredge the seafloor" of a place ...
Mexico Snapshot: Eight companies with projects to watch
A PEA completed in November 2020 indicated that to boost mining and milling to 2,400 tonnes per day it will cost the company $36.5 million, primarily for the tailings dam. If the expansion ...
Mexican Mining Companies Bet More on Underground Projects
Mining companies in Mexico are more often opting for underground operations, as the Mexican government has decided to deny permits for open pit operations in an effort to reduce the negative social and environmental impact of such projects. However, many mining companies decided to keep trying to advance their open pit …
Mexico's lithium and the global race to lock in 'white gold'
China's Ganfeng Lithium had set its sights on upping its stake in a massive lithium mining project in Mexico's Sonora state by buying all the concessions held by its partner in the project ...
Mexico
Mexico is a large exporter of mining products, with a trade surplus of USD 12.8 billion in 2022. Mexican exports of minerals and ores to the world totaled USD 17.6 billion in the same year, growing six percent since 2017. Imports have grown over 13 percent annually since 2017. Forty-seven percent of Mexico's imports of minerals and …