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Weekly Roundups

AMLO: We Will Exploit All the Lithium in Sonora

By Paloma Duran | Wed, 01/26/2022 - 14:42

President López Obrador announced that a lithium government project in Sonora is expected to bring significant investments. The president said that more information about the project will be provided soon. In addition, he stressed that the government will seek to exploit all the lithium in Sonora for the benefit of all Mexican citizens. “We seek to exploit Sonora's lithium for the benefit of the nation. May this wealth be for the benefit of Mexico and for the people of Sonora. I will travel to the state soon and I will report on which projects have a budget and what is going to be done,” he said

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Mexico Mining Forum 2022 Takes Center Stage

Leading decision-makers in the industry gathered for one of the premier events of the industry. Exploration, development, production and technification efforts are all addressed, among several other topics. If you could not join the event, check out the highlights at Mexico Business News.

Mining Will Drive Mexico's Economy in 2022

Mining, along with manufacturing, are expected to be the industries that will recover the fastest from the pandemic and therefore boost the country's economy in 2022, according to Fitch Rating. Although the country’s GDP is expected to grow, experts say it will not grow as much as it did before the pandemic.

Former Oaxaca Director of Mining appointed Head of Inomin Mexico

Inomin Mines have appointed Gustavo Allende Igarashi as their new Head of Corporate Development in Mexico. Allende will oversee the company’s operations in the country. Before his appointment, he served as Director of Industry and Mining for the state of Oaxaca.

Mining Communities Lose Significant Investment

The government's decision to disappear the Mining Fund two years ago aimed to have greater control and management of the resources delivered to mining communities has caused them to lose around US$30 million. This loss of income has placed the development of many communities at risk.

Responsible Mining Increases in Hidalgo

After the government of Hidalgo promoted a policy to attract investment for responsible mining projects five years ago, MX$64 billion (US$3.11 billion) have been raised for 62 projects. Officials and key industry leaders said these projects have raised the bar for the mining industry, as well as reducing emissions and better managing critical resources, plus the creation of 22,000 jobs in the state.

EVs Will Consume 80 percent of Global Lithium Production

During the next decade, about 80 percent of the global lithium production will be destined to the manufacture of batteries for EVs and PHEVs, according to a report by the government of Chile. Mexico could become an important lithium producer in the future with the Sonora Lithium Project. However, the electric reform concerns a sector of the mining industry. If passed, this reform would give the state exclusive control of the country's lithium reserves, while private companies could lose their concessions if they do not meet the new criteria, reported MBN.

The data used in this article was sourced from:  
Outlet Minero, Mining Mexico, Gobierno de México, MBN
Photo by:   Gobierno de México
Paloma Duran Paloma Duran Journalist and Industry Analyst