Lithium Exploitation Plans Lack Supporting Evidence: AIMMGM

Although the federal government is still optimistic about the exploitation of lithium in Mexico, industry experts consider there is insufficient evidence to warrant this optimism. Moreover, the mining industry claims to be one of the least water-consuming sectors in the country, and exploration companies are looking for options to continue growing despite freezing concessions. 

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Mexican Lithium Extraction Not Backed by Evidence: AIMMGM

While the federal government remains optimistic about the potential benefits of exploiting lithium, industry insiders consider this optimism unfounded since the extraction of the mineral in the country does not have a basis in scientific evidence.

Mining Sector Pays for 50 Percent of Water Usage Rights

Despite the negative perception of the mining industry regarding its purported water consumption and pollution, the sector argues that it is one of the least water-consuming industries in Mexico. What is more, it is the sector that acquires the resource at the highest price, said a leading mining association.

Exploration companies in Mexico Turn to Project Market

Exploration companies with operations in Mexico are looking to buy concessions and land titles that have remained inactive for years in order to keep growing despite the recent mining policies freezing concessions. They are starting to look at individuals or companies to buy or swap projects. 

ArcelorMittal Will Invest US$154.4 Million in Michoacan Mine

ArcelorMittal announced that it will invest MX$3 billion (US$154.4 million) in its Las Truchas mine in Michoacan. The CEO said that the objective of the investment is to increase iron production capacity from 1 million tons to 2.3 million tons.

Tocvan Ventures Starts Drilling at El Picacho

Tocvan Ventures announced that drilling at its El Picacho Gold-Silver Project in Sonora, Mexico has begun. Moreover, it explained that the drilling is focused on two main areas within the San Ramon Prospect: Las Guijas and San Ramon. Both areas have returned high-grade gold with silver mineralization.

GR Silver Mining Ends 3Q22 with US$3.6 Million in cash

The Canadian mining company announced it ended the 3Q22 holding US$3.6 million in cash. Moreover, the company reported that the delivery of the mineral resource estimate update for the combined Plomosas project, integrating the Plomosas mine and San Marcial areas is on track for delivery in 1Q23.