Gold received a welcome boost Monday after it was announced the yellow metal can now be used as a commodity to back Sharia-based financial products. For the first time, participants in the Islamic finance industry, which is valued at US$1.88 trillion, can refer to specific regulations for bullion trading after the World Gold Council and […]

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Mexico

Azure Minerals revealed an upgrade in the indicated resource of its Mesa de Plata deposit

Timmins Gold announced a CA$20 million bought deal offering

Silver Spruce reached an agreement to acquire a new property in Chihuahua

After a mixed few months, Santacruz Silver released its 3Q16 financial reports

Great […]

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Despite the vast unexplored potential of Mexico’s metal and mineral deposits, foreign investment in the sector has long been dominated by two countries. Of the 267 foreign mining enterprises registered on the Mexican Geological Survey (SGM), 173 are from Canada and 44 are from the US. While bilateral relations with the former go from strength to […]

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In an excerpt from his exclusive interview with Mexico Mining Review 2017, Gabino Fraga, Managing Partner of Grupo GAP discusses the difficulties associated with mining land concessions and the importance of understanding ejidos and creating favorable relationships with them.

 

 

Q: What are the implications of the pro homine principle in land concessions for […]

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General Sector News

Zinc prices soared to US$2,725 per ton on Thursday, an eight-year high for the base metal. The main driver of the surge is a series of mine closures around the world.

Copper also surged to US$5,700 per ton on Thursday thanks to President Elect Trump’s ambitious infrastructure plans.

Mexico and […]

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The distribution of the mining fund begins with information provided by the Ministry of Economy that helps decide the proportion of resources each state and municipality should receive. Karina Rodríguez, partner at Pizarro-Suárez & Rodríguez Matus Abogados, is concerned about the effect the taxes could have on the development of the mining industry. “The law […]

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In an exclusive excerpt from his interview with Mexico Mining Review 2017, Cesar Fimbres, Mexico Country Manager of Dumas discusses the company’s works with Agnico Eagle in Pinos Altos and the importance of community integration.

 

 

Dumas has a wealth of experience as an underground mining contractor, having worked in the industry for […]

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The Weekly Roundup

On November 22, 2016 By

International

FTSE100 bolstered by strong mining and oil trade, with AngloAmerican and Glencore among the biggest winners.

The future looks bright for Australian mining. Could this mark the end of the downturn?

Seabridge Gold has been granted a permit for KSM, the world’s largest undeveloped gold project located in British Columbia, Canada.

[…]

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