The mining business is a-boomin’ and companies are looking to Mexico to find discover new opportunities. But to take advantage of the new opportunities, miners must innovate and look into future technology to discover the undiscoverable. The sector continues to move into more sustainable practices and work together with new and old government administrations to boost the development of the Mexican mining sector. MMR talked with Nicholas Baker, Trade commissioner of Mexico, Central America & the Caribbean of Austrade who explained what value Australian companies can add to the national industry.
Ready to find the pot of gold? Here’s your weekly roundup!
Mexico’s Endless Riches
It’s said that all of the easy-to-find gold and silver mines in Mexico have already been discovered, so what do companies have to do to find the new generation of silver mines? Prospero Silver says it has the secret weapon.
Goldplay Exploration be sitting on a gold mine (literally), as it continues to explore the Rosario mining district in hope of finding further mineralization.
Consolidated Zinc is ready for action and will start production from its Plomosas zinc/lead/silver mine in Mexico before the end of 2018.
Mining will no longer be limited to land; Mexican and foreign miners have their sights set on the sea. During the current political term, the first marine mining concession was awarded.
Federal resources allocated to exploration dropped US$1.17 million (47%) from 2012 to 2017. The Mexican mining sector has asked the government to review tariffs imposed to the sector and ensure the transparent allocation of the Mining Fund to communities.
San Martin is ready for business. Grupo México will reopen its Zacatecas mine after 11 years of inactivity do to a labor conflict.
Michigan State University has found a way to perfect lithium-ion battery recycling through a century-old mining technique.
The future is here and Rio Tinto is investing more than US$146 million to create the very first intelligent mine. Heads up, it includes automatization, robots and data analytics.