Various metals are paramount to decarbonize the world, making mining a critical sector in the green transition. Environmental organizations like Greenpeace are worried that deep-sea mining could compromise ocean ecosystems. In addition, Fresnillo and MAG Silver have announced that next month Juanicipio will begin operations. The project remains on track for future production goals.
Ready for more? Here is your weekly roundup!
As much as some deride the mining industry as environmentally unfriendly, the reality is that the sector is playing an integral role in making the world a more sustainable place to live. Experts warned that if mining production does not increase significantly in the coming years, the global energy transition will be at risk. Moreover, the green revolution is expected to depend on key mining countries like Mexico.
Canada’s The Metals Company (TMC), a subsidiary of Nauru Ocean Resources Incorporated (NORI), announced that it will start deep-sea exploitation activities in the Clarion-Clipperton area in the coming days. Therefore, the company is preparing its Hidden Gem ship, located in the port of Manzanillo, Colima.
After months of delays, Fresnillo has announced that mining operations at Juanicipio will begin in October. Additionally, the company announced that despite the challenges, the project’s 2023 production guidance will not be negatively impacted.
SilverCrest Metals provided an update on its activities at the Las Chispas Mine located in Sonora, highlighting that its commissioning remains on track despite power reliability issues. In addition, the company announced that it expects to achieve the first metal sale during the 3Q22, while its commercial production is scheduled for the end of the year.
Endeavour Silver announced that it has reached an agreement: its subsidiary, Minera Oro Silver de México, is to sell the El Compas property in Zacatecas to Grupo ROSGO. The El Compas project is focused on high-grade gold and silver mineralization. Endeavour noted that the sale will allow it to focus on advancing its key silver assets in Mexico.
The National Union of Mining, Metallurgical, Steel and Similar Workers of the Mexican Republic (SNTMMSSRM) reported that a federal judge issued a definitive suspension to a declaration issued by the Federal Labor Board (JFCA) declaring a strike of Fertinal workers to be invalid. The ruling will allow unionized workers of the PEMEX subsidiary to continue the strike.