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March was not the best month for Mexican mining with a 4.3 percent fall in production, but the small downturn did not hinder states from betting on the industry. Sonora proved this week that it is the best example. Experts state that mining could be a catalyzer of sustainable development, but in Zacatecas its benefits are highly questioned. In the meantime, new mining discoveries keep popping up around the world.

In an exclusive preview of the 2019 edition, Mexico Mining Review interviewed Rob McEwen, Founder of Goldcorp, Chief Owner of McEwen Mining and infamous gold bull. He explained why he predicts gold will hit the US$5,000/oz mark and his goals for the future of McEwen Mining.

Ready to keep reading? Here’s your weekly roundup!

 

INSUSTRY OUTLOOK

March, a low month for Mexican Mining. INEGI reports a 4.3 percent decrease in mining production compared to February 2018.

Rangold Resources is hopeful about achieving compromise on producer’s profits in DRC. Seven mining companies are pushing for the reinsertion of stability clause.

International mechanisms for ensuring eco-friendly mining. Walter Arensberg, Director of Social Capital Group believe the industry can be a catalyzer for sustainable development.

Mining struggles in Zacatecas as its benefits for the state are questioned. Experts from the Autonomous University of the State (UAZ) express concerns for the industry’s side effects on local communities.

 

PRECIOUS AND BASE METALS

 

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One mineral, one country, one company. COFECE grants First Majestic antimonopoly authorization on acquisition of Primero Mining and San Dimas mine.

Top Base Metals Mines: 4 Exciting Mexican Projects

 

BETTING ON NEW PROJECTS

Governor Pavlovich announces the construction of a new lithium mine in Sonora. The project will take place in Bacadéhuachi, starting September 2018. The Sonora Lithium project is expected to represent a US$420 million investment and generate 200,000 jobs.

Millenium Minerals finds a sixth mining center at Nullagine, Australia. The company confirmed two new high-priority exploration projects in the area.

 

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