Mexico Consolidates as The Major Point Of Global Mining Investment

Mexico consolidates as the major point of global mining investment


09/03/2011 21:31

According to the 2010 report from Metals Economics Group (MEG), one of the most respected in the industry, the country emerged as an important magnet for investment in Latin America, and the fourth worldwide in mining.

The government of Mexico celebrates in Toronto the Mexican Mining Day, as part of the PDAC International Mining Exhibition, held this week and will have the chance to brag about the mining potential Mexico has among more than 7,000 entrepreneurs.
Last year, Mexico received funds from abroad for $4.4 billion dollars in this sector.

According to data from reports of the Mexican Secretariat of Economy (SE) between 2003 and 2010 mineral exports were growing at an average rate of 22%.

Mexico currently stands in the first 12 positions in production of 18 minerals, among which are gold and silver.

Between 2011 and 2012 new mining projects will start, most notably El Boleo, in South Baja California, Palmarejo, Dolores and Pinos Altos in Chihuahua and Solar Mine in Sonora.

These data rule out any impact for Mexico despite the recent decline in competitiveness reported by The Fraser Institute, warned that insecurity as a problem for the sector, according to representatives of the SE.
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