New year, new president and also new mining cycle? Copper started 2019 on the right foot, boosted by Chinese demand. Gold, on the other hand, began on the left as prices stumble.
Do not miss our Interview of the Week. Mexico Mining Review spoke to Alberto López, Director General of Mining at the Sonora Ministry of Economy!
Curious about the week in mining? Dig in!
Sonora accounts for 9.1 percent of Mexico’s land mass and contributes 3.5 percent to national GDP. Approximately 7.3 percent its population is employed by the extractive and electricity industries, including mining. Is Sonora really Mexico’s leading mining State? Learn more!
Mexico and Ecuador lead the attraction of capital for junior mining exploration in Latin America. In Mexico, SilverCrest Metals and SSR Mining dominated junior exploration investment in 2018 with CA$31 million.
Leagold Mining broke records in 2018 with the Los Filos gold project. The company starts 2019 with promising operations in Brazil and Mexico.
Don’t miss out on your chance to rub shoulders with the industry’s leaders at the launch of the new edition of Mexico Mining Review at Mexico Mining Forum 2019, at the Sheraton Maria Isabel hotel in Mexico City this February 6! Register here!
Chinese demand stimulates copper prices. The brown metal began the year peaking 1.5 percent on the London Stock Exchange.
Fitch Solutions forecasts fragmentation for gold mining. With significant price volatility, the consulting giant advises gold miners to keep cost down and limit expenditure.
SOUTH AMERICAN OUTLOOK:
The Bolivian Ministry of Mining and Metallurgy, César Navarro, met with Bolivian mining national representatives to evaluate the industry’s performance in 2018 and set new year’s expectations. An open dialogue will be key to boosting the industry’s performance.
Arequipa, La Libertad, Junín and Áncach lead Peruvian mining. Learn about their contribution to precious metals production!
Mining companies working in Chile face the challenge of operating in the world’s most arid desert. Forecasts expect the use of sea water for copper mining in Chile to triple over the next decade.
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