National and international companies continue on their search for new treasure in Mexican lands. The clouds of uncertainty that once hovered over the Mexican mining sector seem to be clearing as AMLO slowly but surely unveils its plans for the industry (and the country). The future looks brighter, especially with technology that could not only impact the environment, but return money to miners’ pockets. Don’t forget to check out the interview of the week featuring Fernando Alanís, Director General of Industrias Peñoles.
Ready to discover new opportunities? Here’s this week’s news roundup!
Golden Future for Mexican Miners
Good news for miners in Mexico. There are no new taxes for the Mexican mining sector according to AMLO. He also will include all communities impacted by the mining sector into the government’s economic plan.
IMPACT Silver has discovered a new mineralized shoot at its Guadalupe Mine in Mexico while Torex Gold tables its life-of-mine plan for its El Limon Guajes open pit in Guerrero.
And the mine goes to… The Electrum Group! Golden Minerals closed its sale of its Celaya exploration property to its subsidiary The Electrum Group for US$3 million.
Despite the uncertainty surrounding NAFTA and new political administrations, the economy carries on. The junior mining sector is alive and ready to keep growing along with the global economy.
Back to the Future
Is the mining industry ready for the 4th Industrial Revolution? Check out how companies can incorporate AI, machine learning and rock robots into their operations to not only increase efficiency, but boost sustainability.
Mining waste is not going down but there are new “reduce, reuse and recycle” solutions for companies to integrate into their processes.