This week in mining, as 2018 comes to an end, it’s about highlighting the effort the Mexican industry has made to succeed in the face of uncertainty. Even during the market hardships and a political transition, the country maintains its leadership as top silver producer and ninth in gold. Also, an experimental laboratory in Oaxaca succeeded in making it to the best one in the world. But a new year and a new administration are to bring interesting changes to mining in Mexico and abroad.
Telson Mining Corporation is a Canadian junior resource company advancing two gold, silver and base metals projects: Tahuehueto in Durango and Campo Morado Mine in Guerrero. After three years of inactivity, Telson was able to recommence operations at Campo Morado in October 2017 and CEO José Antonio Berlanga joined us to talk about the progress of operations.
Curious about the week in mining? Keep reading!
Mexican Mining in the Limelight:
- Mexico holds first place in silver production and is ninth in gold, giving the country much to boast about when it comes to its national mining industry. Important states in the sector are known for having talented teams of geologists and efficient supply chains. Appetite to apply this success to global markets is growing.
· The Oaxaca Experimental Center, an experimental laboratory for mining and metallurgy under SGM’s supervision, outperformed 202 other laboratories in over 49 countries according to Geostats PTY annual survey, released this week. The Mexican facility provided a highly accurate gold sampling.
- In Mexico, 220 transactions were sealed across industries in 2017 and mining was also at the top of the pile. Read more about the M&A market’s flourishing!
New Year, New Policies:
- Bolivian mining releases exploration project in Uncía and Llallagua, to be carried by SERGEOMIN.
- Epiroc, seeking to grow at an 8 percent annually, is to expand its products portfolio by investing an automation and digitalization of processes through zero emissions machinery.
- Barrick Gold has a new corporate strategy for 2019: divestiture of technology assets and reduction of costs for non-essential divisions.
- Senator Bañuelos de la Torre, from Zacatecas, proposes changes to the distribution of the Mining Trust Fund. She says 50 percent should go to Mexico City’s municipalities. Want to learn more about this proposal?
- Great Panther Silver, listed on the TSX and NYSE, loaned US$5 million to ASX-listed, Beadell Resource at a 14 percent annual interest rate. The former also presented a friendly acquisition offer with a value of US$105 million. Beadell Resources owns the Tucano gold mine in Brazil.
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