Ecological and political changes around the world are inspiring investors to seek new areas of opportunity in the mining industry, including deep-sea mining and accessing land that is coming to light due to melting ice in Greenland. On a more local scale, mining companies in Mexico remain cautious about the presidential elections coming up in July and reunited in the XII International Mining Conference in Chihuahua to discuss this, among other topics.
Brendan Cahill, President & CEO of Excellon Resources was the interview of the week, having discussed the company’s high-grade Platosa project in Durango and his opinion of the working environment in Mexico.
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In light of the first presidential debate of 2018, Mexico Mining Review identified three key areas of concern that could shift the industry’s prospects, depending on who emerges as the nation’s next president. Stay tuned for our periodical follow-ups of the presidential elections and their impact on the industry.
Bacanora Lithium appointed its CEO, Peter Secker, as a main board director of the company.
During the XII International Mining Conference in Chihuahua, Javier Corral, Governor of the state, committed to establishing a series of legislative changes to boost investment and the development of projects in the area.
Chinese and Canadian investors are keeping an eye on Greenland elections for signs of political openness to the mining industry as the melting of ice could be an area of opportunity for the sector.
When it comes to deep-sea mining, scientists are advocating for collaboration between academia and the industry to make sure a balance is found between exploiting mineral resources from the seabed and protecting delicate marine ecosystems.
ACI Systems GmbH announced that it will invest US$1.3 billion in Bolivia to manufacture and market lithium batteries as part of a JV deal with Bolivian Lithium Deposits. Operations are expected to start within 18 months.
Schneider Electric reported 1Q18 revenue of €5.8 billion, with strong cross-selling across company segments. The company saw a rise of demand in metals, mining and transportation.
The world’s top producer of diamonds, Alrosa, reported a 17 percent drop in production during the first three months of the year thanks to a halt in its Mir underground mine in Russia and lower-grade ores processed in the Jubilee pipe.