Mexico’s mining industry slowly reawakens as production and investment show encouraging signs. Also, President López Obrador signals support to the industry by calling for negotiations to solve longstanding mining strikes. Elsewhere in the world, mining in the UK may be entering into a second golden era, while Chilean copper miners look to China as their main partner.
Don’t miss this week’s Interview of the Week with Tony Rovira, Managing Director of Australian company Azure Minerals. The conversation addressed a cobalt exploration project that may hold the highest-grade in the world, Rovira’s outlook for the cobalt global market and the competitiveness of Mexico’s mining industry. Ready to dig? Check out what made the headlines over the past week!
Mexico’s mining production and investment rose in May, as metal prices continue to grow partly due to the Fed’s recent rate cut and ongoing trade tensions between the US and China. According to CAMIMEX, companies will invest more than double in 2019 than was previously expected.
Mexico’s president fostered a more favorable political climate by summoning interested parties at three mines to solve labor conflicts. That being said, there is talk in the North American country about hardening mining laws with regard to the environment. Moreover, Fresnillo, one of the world’s largest productor of silver, saw its shares drop, even though there has been a substantial increase in the metal’s prices.
Observers have found reasons to speak about a mining renaissance in the UK, miners in South Africa obtain a millionaire compensation deal and Chilean copper puts its hopes on China’s electric car industry.