The day has come. Andres Manuel López Obrador is Mexico’s new official President. But as they unpack their offices, Morena has already compromised the stability of Mexican mining, not to mention other industries. Now in power, investors are eager to witness the path the country’s economy is to take, for good or for bad.
Want a chance to speak to government representatives about the future of the mining industry? Don’t miss out on your chance at Mexico Mining Forum 2019, at the Sheraton Maria Isabel hotel in Mexico City this February 6! Incoming Undersecretary of Mining Francisco Quiroga and Director General of Mines Laura Díaz are among our confirmed speakers – register here!
A few weeks ago we had the pleasure of interviewing Robert Peterman and Loui Anastasopoulos of Toronto Stock Exchange and picking their brains about the future of mining financing and its implications for Mexico. Here’s a little of what they had to say.
Curious about the week in mining? Dig in!
Mexico, Lindo y Querido:
- Mexican mining copes with uncertainty as major companies take a tumble on the BMV.
- Gold mining companies’ production dropped over 10 percent in 3Q18. Goldcorp’s Peñasquito mine was one of the most impacted.
- Mexican mining production decreased by 5.8 percent in the 12-months leading up to September 2018. Lead experienced the biggest drop of 31.1 percent. Also, Zacatecas shrunk its production in the period by 43.1 percent.
- It looks like Germán Larrea is set to lock horns with Morena again as Los Mineros threaten a blockade at Grupo México’s flagship Buenavista del Cobre mine. Find out the details here!
- Los Mineros Union gave AMLO 15-days to solve labor conflict with Grupo Mexico before occupying Buena Vista del Cobre.
- Terra Corporation, member of Clusmin, trained mining and metallurgy students on explosives management. UAZ, UTZAC and ITSF were some of the participating institutions.
Millennials can bring creativity to any process, but often perceived as a volatile generation, companies’ concern is how to keep turnover rates low. At the same time, the industry must focus on being more appealing to new talent to avoid a human capital scarcity. Curious about how to address this dilemma? Keep reading!
- Get a direct insight into the performance of the global mining industry and gaze ahead to 2019!
- Chile and Peru to strengthen bilateral relationship and mining is the key link to achieve this goal. Both countries agree on five commitments for strengthening the industry’s operations.
- Copper’s price volatility discussed in G20’s Summit. The commercial war between China and the US and its impact on metal prices also dominated the agenda.
- Bolivia launches online mining registry. The web office is part of the government’s initiative to eliminate bureaucracy.
- Canadian Lundin Mining improves 2019-2021 copper’s guidance. The Candelaria mine in Chile and Eagle East in the US are expected to raise the company’s copper production.
For more industry news, follow our blog!