PUBLICATION

Engineering & Mining Journal

AUTHORS

Vanessa Acuna, Matilde Mereghetti

Mexico Mining 2011 E&MJ Releae

October 10, 2011

In 2010, the Fraser Institute ranked Mexico as one of the most attractive countries for geological business potential, among top global mining destinations, fourth in the world and first in Latin America. To date, only 25% of the national territory has been explored, 70% of which may contain mineral deposits. Since 2009, turnover generated by the mining industry in Mexico amounted to nearly US$15.5 billion, 51% more than in 2009. Indisputable evidence of this new interest in the mining industry is Carlos Slim, the richest man in the world according to Forbes, who will invest $3.6 billion in the sector in 2011. But the future of Mexico’s mining industry is not completely free of concerns. The lack of funding is a consistent limitation to the sector, especially for domestic small and medium mining companies that struggle to raise capital to explore and expand their properties.

RELATED INTERVIEWS MORE INTERVIEWS

Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.
Robocon speaks with GBR about the outlook for its services in Peru.
"Our product innovation process involves gathering client feedback and submitting it to the factory, which determines which ideas to pursue based on economic considerations."

RECENT PUBLICATIONS

Québec and Atlantic Canada Mining 2025

Québec and Atlantic Canada have traversed 2025 in an enviable position. Strong gold prices have buoyed balance sheets and investor sentiment, while global demand for critical minerals keeps the region firmly on the radar of international markets. At the same time, the provinces’ depth of mining expertise – from AI-driven exploration to advanced drilling, blasting, and geophysics – ensures that technological advantage is firmly on their side.

MORE PREVIOUSLY PUBLISHED

MACIG

"Our jurisdictional diversification is certainly a defining characteristic of Thor, but so is the fact that our projects are also diversified by stage of development."

SUBSCRIBE TO OUR NEWSLETTER