There was good and bad news this week for mining as gold exports increased in 1H18 compared to 1H17 but silver exports floundered. But Mexico took first place in 2017 in terms of global zinc production, with national operators Industrias Peñoles, Grupo México and Fresnillo, and international Goldcorp contributing the lion’s share. In anticipation of the new President-elect entering office, miners seek to open communication with his office to promote a more favorable fiscal environment for the industry.
As M&A activity picks up in mining, more and more operators are looking for new acquisitions and strategic JVs. Mexico Mining Review asked Darren Pylot, President and CEO of Capstone Mining about the unique collaborative model of the mining operator and how copper and zinc prices are affecting operations at Cozamin in Zacatecas.
Staying within Zacatecas, we shone a spotlight on Fresnillo-MAG Silver JV Juanicipio. Find out more about the mine’s history here.
Miners seek dialogue with AMLO for revision of fiscal system. Between 2012 and 2017, exploration investment decreased to US$612 million from US$1.17 million, a fall of 47 percent.
Complaints against Goldcorp’s Peñasquito mine have decreased by 66 percent in 2018 due to community engagement programs.
Business Sweden to open a mining academy in Zacatecas to train students in the technologies required in mining activities.
In 2017, Mexico was the biggest zinc producer: Industrias Peñoles, Goldcorp, Grupo México y Fresnillo account for 77 percent of the total national production.
Mexico increases gold exports, to US$2.65 million in the first six months of 2018 compared to US$2.53 in the same period of 2017. But silver exports declined to US$1.04 million from US$1.18 million in the same period.
Alio Gold, First Majestic Silver and Endeavour Silver the miners most affected by the slump in gold and silver prices. Find out more about how silver prices behaved this year in our in-depth analysis.
Miners now have concessions over 1.75 million hectares in Sinaloa, around 30 percent of the state’s total territory.
Chinese Lithium giant Ganfeng Lithium enters into agreement with Tesla to supply 1/5 of its lithium requirements.
Machismo within Australian mining discouraging women from entering workforce and exacerbating extreme labor shortage.
Don’t miss out on your chance to rub shoulders with the industry’s leaders at the launch of the new edition, Mexico Mining Forum 2019, at the Sheraton Maria Isabel hotel in Mexico City this February 6! Register here!