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Weekly Roundups

ESG Policies Key for Successful Mining Operations

By Karin Dilge | Thu, 07/14/2022 - 18:18

The Mexican government warned Vulcan Materials it would appeal to the UN and after weeks of negotiations, the government requested arbitration for the company’s alleged environmental damages. In the meantime, Torex Gold released ambitious 2022 goals for responsible gold mining. Some of the most important leaders of the industry met at the Mexico Mining Forum 2022 ECHO to discuss topics like regulation and ESG policies. Furthermore, a decrease of copper demand has had significant impact in the industry.

Ready for more? Here is your weekly roundup!

 

Leading Mining Players Met at Mexico Mining Forum 2022 ECHO

During Mexico Mining Forum ECHO 2022, hosted by Mexico Business at the Hyatt Regency Mexico City, the mining sector’s most important leaders gathered face to face for the first time in two years to discuss the state of the industry.

 

Copper Demand Drop Affects Mining Companies

A possible reduction in copper demand has severely impacted the mining sector. Despite the best efforts of mining companies, their performance in the stock market has been lackluster, with shares trending downward.

 

Vulcan Materials Questions Mexico’s UN Appeal

Mexico’s federal government said it would file a complaint about Vulcan Materials to the UN for the alleged environmental damage that its Mexican subsidiary Sac-Tun is causing in Quintana Roo. The company said the government's decision is questionable because its accusations are unfounded and the UN is not equipped to deal with these conflicts.

 

Mexican Government Sues Vulcan Materials Before the UN

After weeks of threats and negotiations, the federal government initiated arbitration at the UN for the alleged environmental damage its Mexican subsidiary is causing in Quintana Roo.

 

Mining a Frequent Target of Corruption: COPARMEX

Although López Obrador’s government has been focused on fighting corruption, work still remains to be done. In this context, mining is one of the most affected industries, according to a study carried out by the National Employers Confederation (COPARMEX)

 

Torex Gold Leads ESG Mining Efforts, Sets Ambitious 2022 Goals

Torex Gold has released its 2021 Responsible Gold Mining Report, the most comprehensive ESG disclosure it has provided to date. The latest report highlights Torex’s excellent performance in its environmental, social and governance areas last year. In addition, it outlines its new goals for 2022, which are expected to continue to position Torex as a leader in responsible gold mining.

 

Peñoles Could Still Grow in 2022 Despite Inflation

Amid an uncertain environment characterized by high inflation, a possible global recession and the reduction of demand for some raw materials, Industrias Peñoles, the largest gold producer in Mexico, is optimistic about growth in 2022.

The data used in this article was sourced from:  
Mexico Business News
Photo by:   Pixabay
Karin Dilge Karin Dilge Journalist and Industry Analyst