CAMIMEX Commemorates 118 Years of Mining Experience

CAMIMEX celebrated its 118th anniversary, emphasizing its commitment to bridging gaps between the mining sector and authorities for the benefit of Mexico’s economy and well-being. In other news, the United States expressed disagreement with a USMCA dispute resolution, where the multilateral body ruled in favor of Grupo Mexico, which was accused of allegedly violating the labor rights of its workers.

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CAMIMEX Celebrates its 118th Anniversary

CAMIMEX celebrated its 118th anniversary, emphasizing its commitment to transforming the mining sector in Mexico into a more sustainable driver of economic wealth and development. Despite anticipated challenges, CAMIMEX emphasizes that the mining industry will persist. Ongoing demand for critical minerals, job creation in remote regions, and Mexico’s economic requirements will continue to bolster the sector, regardless of the elections results.

US-China Trade Conflict to Affect Mexico

US election results have become a key element for Mexican trade due to the ongoing trade tensions between the United States and China. Experts indicate that further imposition of US tariffs on Chinese products could negatively impact Mexico's nearshoring efforts, given that China is one of Mexico's largest investors.

Over-Regulation Could Hinder Mining Sector: CAMIMEX
Jaime Gutierrez, President, CAMIMEX and Karen Flores, Director General, CAMIMEX, highlight CAMIMEX’s ongoing efforts to modernize the industry, enhance safety and environmental standards, and improve communication with authorities. Gutierrez and Flores also emphasize the need to address misinformation and the impracticality of proposed regulations, such as the ban on open-pit mining, to ensure the sustainable development of Mexico’s mining sector.

New Lithium Trade Dynamics Enhance Market Transparency

Facing unprecedented demand and volatile prices, the world’s lithium mining companies are transforming how the commodity is traded by shifting toward more transparent and market-driven pricing.

Mining Acutely Focused on Safety, Reducing Risks: DSI Underground

Jorge González, General Manager Mexico, DSI Underground, says that the company is prioritizing safety and risk reduction in the mining sector. He notes DSI Underground is addressing key challenges in underground mining, such as enhancing safety protocols and integrating new technologies like remote monitoring and augmented reality training. 

SilverCrest Metals Reports 10% Mining Rates Increase in 1Q24

Canada-based precious metals producer SilverCrest Metals reported significant achievements during 1Q24. These include a 10% increase in average mining rates and a 36.8% increase in ore mined. The company is confident that these results will enable it to meet its 2024 guidance effectively.

US Criticizes USMCA Panel Ruling in Favor of Grupo México

The United States has expressed its disagreement with a USMCA dispute resolution panel ruling on Grupo Mexico's San Martin mine, which concluded that Grupo México is not violating the labor rights of its mine workers.