A new administration, a recently renegotiated bilateral trade agreement with the US and the beginnings of a recovery from the last mining slump – these are some of the main drivers of the state of the mining industry in Mexico. This chapter provides a full overview of the insights of key policymakers in promoting mining and boosting its competitivity. It also provides an in-depth look at the shared agenda between the industry’s private and public sectors.
Peña Nieto’s administration is gone and with AMLO’s era just starting, the road to regulatory clarity in the mining industry is still blurry. Operators and explorers hope for a fiscal revision, while legal certainty stands out as a key industry concern. In the meantime, investors keep wondering if the Mexican mining jurisdiction is still the most appealing bet. These complexities are addressed by top legal experts to provide a review of Mexico’s mining regulatory environment.
While gold has been the traditional safe haven for unstable global financial markets, it is no longer the only option as cryptocurrencies gain momentum. But still king as a financial refuge, gold maintains its importance in Mexico, which remains a Top 10 producer, with Sonora in the limelight. This chapter highlights the main gold projects in the country and gathers the main strategies used to boost gold operations’ productivity directly from top operators.
With 21 percent of the global silver production share, silver mining in Mexico is just good business. But often, volatile prices keep operators focused on cost-reduction strategies to promote a healthy cash flow and maintain the country’s dominance in the international silver markets. This chapter evaluates the main silver trends and best practices implemented in mines to boost efficiency in the wake of lower prices. It also examines the most important projects and the pipeline for replacing those that
Copper has proven to be the most stable of the base metals group given the solid forecast for Chinese economic growth, reaching its 2018 peak on July 10 with a price of US$6,307/t. Lead follows a rather stable price rising trend, remaining between the US$2,000/t and US$2,100/t mark in 2018, while zinc fluctuated between US$2,300/t and US$2,700/t, according to LME’s trading summary. This chapter gives the insider’s perspective into the opportunities and challenges for leading base-metal producers and explorers
Dating back to the time of Spanish conquistadores, mining in Mexico has been a vital economic motor for over 500 years. But while experience and tradition continue to be the pillars of the industry, innovative technologies enable it to flourish. With old ways set in stone, miners often struggle to open up to new practices. But when disruptive technologies succeed in boosting productivity, the industry is more than willing to embrace them. This chapter focuses on the innovations breaking
Everything that is not grown is mined, as one industry insider put it. While operators and explorers ensure a continuous pipeline of projects and production, it is the supply chain that enables them to operate and achieve the output end-consumers demand. This chapter gives an in-depth review of the broad mining supply chain directly from its leaders, from machinery providers to manufacturers of precision equipment.
In mine operations, even the smallest mistake can end up stopping production, costing the company millions. Among all the chain’s links, human capital is the most important in mining. It is no wonder that the security and safety of both miners and the operation overall have been scaled up in the priorities list for investors, operators, explorers and the public sector. But in such an extensive industry, ensuring secure and safe processes is a complex process. This chapter provides the insights of the
Miners are not tied only to the regulatory framework imposed by the government. The industry is also bound by social and environmental licenses that allow it to operate in harmony with local communities. Adequate communication, a comprehensive mine plan from exploration to closing and other best practices are discussed in this chapter, gathering all the expertise from government agencies, operators and consultancies drafting the ideal agenda for corporate social responsibility.
Mining is finite and explorers are vital to guarantee that aging projects will be replaced by new veins and deposits. But knowing where to drill is like finding the proverbial needle in a haystack. To increase the chances of discovery, geologists and prospectors are ever on the hunt for the best technologies, strategies and tools used in modern mining. In this chapter, they discuss how to increase chances of a discovery to feed the industry’s appetite for new projects while exploring the challenges that
After discovering a worthy deposit and confirming the viability of the project through feasibility studies, it is time to build and operate the mine. But that can be easier said than done. Companies need to contemplate numerous factors, from site conditions and infrastructure requirements, to the mine layout and where to locate staff. The goal is to make the development phase as well-planned as possible to foster smoother and more efficient operations. This chapter analyses the best practices for
Among the biggest stigmas the global mining industry carries is the potential mark left behind by chemicals used for ore processing. But new solutions, techniques and technologies are making mineral processing ever safer, more sustainable and decreasing the environmental risks involved. This chapter gathers the top companies innovating in mineral handling and fluid control solutions, combined with the best practices used by leading commodity traders to ensure safe and secure logistics.
In an industry mostly dependent on volatile metal prices, the establishment of strong financial structures is vital. The mining cycle’s upturns and downturns have taught operators and explorers how to shield themselves against slumps and continue wetting investor appetite. This chapter gives an overview of the industry’s financial health, analyzing the performance of capital access in the country and its investment competitivity compared to other jurisdictions. It also addresses the most pressing
In the first year of an administration, expectations for the next five are still being shaped. The last chapter of this edition reflects on these expectations but also translates them into specific areas of opportunity for the industry directly from the insight of its key players and decision-makers. Industry Outlook acknowledges Mexican mining’s main improvements and envisions how the future of the sector is likely to look.
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Mexico Mining Review is your entrance into the ranks of the elite in Mexico’s mining industry. Take advantage of this opportunity to get inside the minds of the leaders who are shaping the industry, including public sector decision-makers, domestic and international C-level executives, top regulators and the key voices among operators and top players in exploration, production and processing. Mexico’s mining community at your fingertips
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Cutting-edge information based on more than 180 interviews with the most influential business leaders in the Mexican mining industry, the country’s political leaders and key policymakers
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OPTIMIZATION REMAINS THE NAME OF THE GAME IN MINING
Mining is at the core of almost everything that makes the world modern. Yet, the industry is also extremely volatile. After years of hardships, the companies that survived the last downturn did so by becoming experts in cost-reduction, efficiency and productivity strategies. Optimization of resources has become the pillar for those that want to remain standing. From human talent development to embracing the digital revolution, the industry’s horizon is shaped by doing the most with the least.
But just as mining has fueled the modern world, it is the human component that has kept the industry flourishing. This realization means the mining community in Mexico and around the world is growing increasingly aware of the importance of adapting best practices to be socially and environmentally responsible, while bringing wealth and development to the communities where it operates.
Also figuring into the picture is the election of a new president, Andrés Manuel López Obrador, who will guide the country and its economy, and the policies that will shape the mining industry, for the next six years.
Mexico Mining Review 2019 gathers all the expertise of the mining industry’s top leaders in Mexico. Over 200 interviews, in-depth analyses and infographics offer companies the business intelligence they need to seize the industry’s opportunities. Published in a political transition period, it also compiles the sectors’ voices in a Wish List to the incoming administration, with suggestions of what mining needs the most from the new government.
The fifth edition of Mexico Mining Review is written as an essential reference point for the industry, analyzing the main trends over the past year and shedding insight on the direction that mining is likely to follow over the near and mid-term.