Mexico’s Mining Industry
Mexico is a competitive destination for mining investment. An industry with a century-old tradition, mining remains one of the leading sources of income, employment and development in the country. But beyond the mineral wealth required to develop this activity, conditions in Mexico have made it one of the main destinations in the world for mining investment, surpassing countries that are richer in mineral resources.
Mexico is a competitive destination for mining investment. An industry with a century-old tradition, mining remains one of the leading sources of income, employment and development in the country. But beyond the mineral wealth required to develop this activity, conditions in Mexico have made it one of the main destinations in the world for mining investment, surpassing countries that are richer
in mineral resources.
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infographic oldemar<br />
30 Negocios ProMéxico Negocios ProMéxico 31<br />
Mexican<br />
MINING<br />
<strong>Industry</strong><br />
Between 1994 and 2011, mining<br />
industry’s participation in <strong>Mexico’s</strong><br />
Gross Domestic Product (GDP)<br />
grew 1.5%. Today, this sector<br />
contributes with 4.9% of the<br />
country’s GDP.<br />
MEXICO IS AMONG THE TOP 10 PRODUCERS OF 17 MINERALS:<br />
Ranking<br />
#<br />
A<br />
00.0<br />
Mineral<br />
Percentage<br />
in global<br />
production<br />
PRODUCTION<br />
In 2011<br />
20%<br />
non-metallic<br />
minerals*<br />
MAIN<br />
PRODUCTS<br />
26%<br />
Silver<br />
22%<br />
Gold<br />
18%<br />
Copper<br />
7%<br />
Zinc<br />
VALUE<br />
20.8<br />
billion USD<br />
*Not including gas and oil.<br />
1<br />
Ag<br />
21.8<br />
Silver<br />
80%<br />
metallic<br />
minerals<br />
Precious metals<br />
represent 47.4% of<br />
total production value<br />
2<br />
F<br />
20.0<br />
Fluorite<br />
3<br />
Zacatecas<br />
22.8<br />
Bi<br />
11.4<br />
Bismuth<br />
Guerrero<br />
4<br />
3<br />
Ce<br />
10.6<br />
Celestite<br />
3<br />
Sonora<br />
25.3<br />
Chihuahua<br />
10.2<br />
Coahuila<br />
6<br />
Durango<br />
6<br />
Wa<br />
9.3<br />
Wallostonite<br />
5<br />
Cd<br />
7.4<br />
Cadmium<br />
TOP PRODUCERS<br />
Percentage of <strong>Mexico’s</strong> total mining production<br />
5<br />
Pb<br />
5.3<br />
Lead<br />
San Luis Potosí<br />
5<br />
5<br />
D<br />
4.9<br />
Diatomite<br />
5<br />
Mo<br />
4.4<br />
Molybdenum<br />
VALUE<br />
17.01<br />
billion USD<br />
Au<br />
34<br />
Gold<br />
Ag<br />
21<br />
Silver<br />
Cu<br />
15<br />
Copper<br />
Fe<br />
Iron<br />
Pb<br />
5.5<br />
Lead<br />
MAIN<br />
EXPORTED<br />
MINERALS<br />
Percentage of total mining exports<br />
9<br />
In 2012, mining industry<br />
was <strong>Mexico’s</strong> fourth largest<br />
income source, after<br />
automotive, electronic and<br />
oil industries.<br />
7<br />
Zn<br />
5.8<br />
Zinc<br />
8<br />
Gy<br />
2.6<br />
Gypsum<br />
8<br />
B<br />
4th<br />
1.8<br />
Baryte<br />
US<br />
57.4<br />
8<br />
Mn<br />
1.3<br />
Manganese<br />
8<br />
As of December 2012, mining industry<br />
was responsible for 328,555 direct jobs<br />
and 1.5 million indirect jobs in Mexico,<br />
according to data from the Mexican<br />
Institute of Social Security (IMSS).<br />
G<br />
0.8<br />
Graphite<br />
UK<br />
4.3<br />
10<br />
Au<br />
4.3<br />
Gold<br />
South Korea<br />
4.7<br />
Switzerland<br />
4.4<br />
10<br />
NaCl<br />
3.5<br />
Salt<br />
MAJOR EXPORT MARKETS<br />
Percentage in Mexican exports<br />
10<br />
Cu<br />
3.1<br />
Copper<br />
China<br />
10.4<br />
Sources: INEGI/General Directorate of <strong>Mining</strong> Regulation (Ministry of Economy)/ Mexican Geological Service (SGM)/US Geological Survey/Banco de México.
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