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 />
32 Negocios ProMéxico<br />
San Felipe<br />
Minera Frisco<br />
Au<br />
San Francisco<br />
Timmins<br />
Au<br />
37<br />
El Arco<br />
Grupo México<br />
Au Cu<br />
2,150<br />
El Boleo<br />
Baja <strong>Mining</strong><br />
Co Cu Zn<br />
El Gallo<br />
McEwen <strong>Mining</strong><br />
Au Ag<br />
Los Metates<br />
Chesapeake Gold<br />
Au Ag<br />
La Fortuna<br />
Argonaut Gold<br />
Au<br />
New<br />
mines in<br />
operation<br />
2010- 2012<br />
BC<br />
1,169<br />
La Preciosa<br />
Pan American Silver<br />
Au Ag<br />
Projects under<br />
construction<br />
and/or advanced<br />
exploration stage<br />
Soledad Dipolos<br />
Fresnillo-Newmont<br />
Au Ag<br />
85<br />
SONORA<br />
La Colorada<br />
Argonaut Gold<br />
BCS<br />
Investment<br />
(million USD)<br />
La Bolsa<br />
Minefinders<br />
Au<br />
Au<br />
Ag<br />
Au<br />
Ag<br />
Luz de Cobre<br />
Red Tiger <strong>Mining</strong><br />
SINALOA<br />
El Toro<br />
Au<br />
First Majestic<br />
Ag<br />
Santa Elena<br />
Silver Crest<br />
Au<br />
45<br />
160<br />
Las Mercedes<br />
Yamana Gold<br />
Au Ag<br />
194<br />
El Saucito<br />
Au<br />
Fresnillo Plc<br />
Ag<br />
CHIHUAHUA<br />
DURANGO<br />
309<br />
ZACATECAS<br />
El Porvenir<br />
Minera Frisco Au<br />
Ag<br />
MICHOACÁN<br />
Angangueo<br />
Grupo México<br />
Au<br />
Ag<br />
140<br />
64<br />
95<br />
11<br />
Ag<br />
Ag<br />
Ag<br />
Ag<br />
308.5<br />
Au<br />
Au<br />
Au<br />
Au<br />
OAXACA<br />
Creston-Mascota<br />
Agnico-Eagle<br />
Concheño<br />
Frisco<br />
La Cieneguita<br />
Pan American Goldfields<br />
Ag Mo Zn Cu Bahuarachi<br />
Jinchuan<br />
203<br />
18<br />
50<br />
Guadalupe y Calvo<br />
Ag Au<br />
AuRico Gold<br />
Zn<br />
Ag<br />
Ag<br />
VERACRUZ<br />
Pb<br />
Au<br />
Au<br />
Velardeña<br />
Peñoles<br />
Camino Rojo<br />
Goldcorp<br />
San José<br />
Arian Silver<br />
El Águila<br />
Gold Resources<br />
Unimisur<br />
Mexichem<br />
S<br />
San José<br />
Fortuna Silver<br />
Au Ag<br />
100<br />
50<br />
MINERAL<br />
Au<br />
Gold<br />
Ag<br />
Silver<br />
Mo<br />
Molybdenum<br />
Zn<br />
Zinc<br />
Cu<br />
Copper<br />
Co<br />
Cobalt<br />
Pb<br />
Lead<br />
S<br />
Sulfur<br />
1st<br />
5th<br />
INVESTMENT<br />
2,156<br />
‘07<br />
Negocios ProMéxico 33<br />
Mexico is the leading investment<br />
destination for the exploration of<br />
non-ferrous minerals in Latin<br />
America and fourth worldwide<br />
(Metals Economics Group).<br />
It is the world’s fifth safest<br />
country for mining<br />
investment, after Australia,<br />
Canada, Chile and Brazil<br />
(Behre Dolbear Group).<br />
Between 2007 and 2012,<br />
25.24 billion USD<br />
have been invested in Mexican<br />
mining industry.<br />
According to data from the<br />
General Directorate for<br />
<strong>Mining</strong> Development<br />
(Ministry of Economy) as of<br />
December 2012 there were<br />
285 mining companies with<br />
foreign capital operating in<br />
Mexico, in more than 853<br />
mining projects.<br />
Investment in<br />
MINI NG &<br />
METALLURGICAL<br />
industry (million USD)<br />
7,647<br />
3,656<br />
3,316<br />
2,858<br />
‘08<br />
‘09<br />
‘10<br />
5,612<br />
‘11<br />
‘12<br />
Source: Mexican <strong>Mining</strong> Chamber (CAMIMEX).
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