Companies Are Developing New Technologies for the Sector

Draslovka is seeking to increase ore recovery in mines through its new glycine leaching solution while Mexican institutions are urging the country to start lithium production. In addition, organizations in the industry are proposing the sustainable use of natural resources and are creating frameworks for a sustainable future in the industry. 

This and more in your weekly roundup! 

Inclusion of Women in Mining Synonymous With Progress: AIMMGM

On International Women’s Day, commemorated on March 8, the head of a key Mexican mining association recognized the constant growth of the number of women participating in the industry. According to numbers from the Mexican Social Security Institute (IMSS), more than 66,000 women are employed in the mining sector in the country, forming 16.3% of the workforce.

Draslovka to Start Studies on Glycine Leaching Technology

The Czech Republic-based specialty chemicals company Draslovka announced an agreement to implement its patented glycine leaching solution in Barrick Gold’s assets. Draslovka aims to increase the mining projects’ ore recovery capacity and reduce Barrick’s carbon footprint.

AIMMGM Urges Mexico to Start Lithium Production

A leading Mexican mining association urged Mexico’s government to ramp up studies so that the country can begin to produce lithium in the country.

New OPEC Model for Latin American Lithium Producers

Latin American governments are gearing up to create a regional lithium organization to expand South America’s lithium processing capacity. The new organization aims to create a cartel comprising Argentina, Chile, Bolivia and Brazil to ensure that most of the extracted lithium is used for the manufacturing of electric vehicles. Mexico might join this organization at a later stage, too.

Mining Industry Proposes Sustainable Use of Natural Resources

In 2022, the mining sector overcame various challenges in a bid to regain competitiveness. The Mexican Mining Chamber (CAMIMEX) argued that the sector’s future actions should be focused on economic reactivation, modernization of infrastructure and sustainable development to set the foundations for progress in the industry.

CAMIMEX Follows ‘Towards Sustainable Mining’ Standard

The Mexican Mining Chamber (CAMIMEX) committed to adopting the Towards Sustainable Mining (TSM) standard at the annual convention of the Association of Prospectors & Developers of Canada. With the new agreement, CAMIMEX commits to continue evaluating key social and environmental issues such as climate change and disclosing its results to the public.

Pan American Silver to Invest US$21.7 million in Zacatecas

The government of Zacatecas signed an investment agreement with the company Pan American Silver worth MX$400 million (US$21.7 million) to drive the development of small and medium enterprises (SMEs) in the state.

Copper Market to Reach a Value of US$298 Billion by 2030

As the electrification of several industries is accelerating, industry experts are worried that the supply of minerals critical for the energy transition would not be sufficient to keep up with the rising demand. In this scenario, copper is one of the minerals that may become a scarce resource. However, some analysts believe the market has the potential to grow in size by 2030.

Gold Resource Issues 2022 ESG Report

The US-based silver and gold company Gold Resource Corporation issued its first Environmental, Social and Governance (ESG) report for 2022. The company highlights the important improvements to ensure the well-being of employees, communities and the environment.

GR Silver Mining Provides Drilling Update for Plomosas Mine

GR Silver Mining has unveiled the underground drilling outcomes from the last batch at the Plomosas mine in Sinaloa as part of its exploration and infill drilling program in 2022.

Red Cloud Securities Positively Rates Silver’s Plomosas Project

The Canadian mining investment bank Red Cloud Securities issued an analysis of GR Silver’s flagship Plomosas project in Sinaloa. The bank positively evaluated the project, as it has the potential for further gold production, and said that the company’s shares are set for an upward trend depending on the company’s reports, set for 1H23.

Orla Mining Will Invest US$100 Million in Zacatecas

The Ministry of Economy of Zacatecas confirmed that Orla Mining will invest US$100 million in the Camino Rojo project, located in Mazapil. With the new investment, the company seeks to strengthen local suppliers to boost the mining sector.

Epiroc Says It Increased Revenue While Fostering Sustainability

The Swedish heavy equipment supplier Epiroc published its sustainability report for 2022, which revealed strong growth in received orders and an increase in post-sale services. The company highlighted the incorporation of cleaner solutions like electric units that will offer more sustainable extraction methods to its clients.