Mexico Celebrates Presence at PDAC 2024

After a five-year absence, Mexico is set to make a comeback at the 2024 Prospectors and Developers Association of Canada (PDAC) event. The country is focused on reclaiming its reputation as a prime destination for mining investments. In other news, the Mexican government nationalized Exportadora de Sal SA (ESSA) by acquiring a 49% stake from Mitsubishi Corp. 

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Mexico Returns to PDAC After Five Years of Absence

After five years of absence, Mexico will once again have representation at the PDAC event in Toronto, Canada. Looking to regain momentum in promoting Mexico as an attractive destination for mining investments, Mexico Business has partnered with key mining players to bring the 2024 edition of the Mexico Mining Forum (MMF 2024) to PDAC. 
 

Minera Alamos to Drive Santana Gold Project in 2024

Minera Alamos provided an update on its Santana gold project, located in Sonora, delineating revised plans to amplify mining and processing operations within the currently authorized space.

Innovative Screening Solutions Improve Quality, Sustainability 

Joel Alberto Leal and José Alberto Leal, from Cribas y Productos Metálicos, discuss the company’s commitment to quality and sustainability amid challenges like political instability. With a focus on educating customers and offering competitive prices, the company's synthetic, recyclable materials aim to reduce waste and pollution in mining operations.

Mexico Nationalizes Salt Producer ESSA

The Mexican government has nationalized ESSA by acquiring a 49% stake from Mitsubishi for MX$1.5 billion (US$87.6 million). This move is in line with President Lopez Obrador's efforts to nationalize the country's resources and increase state ownership of companies in key sectors.

Regulatory Compliance Requires Experienced Partners: BCMex

Fernando Parada, Director, Business Consultants Mexico (BCMex), underscores the critical importance of monitoring concession expiration dates and tax obligations in Mexico's mining sector. He warns that neglecting tax obligations can lead to severe legal and financial consequences, urging mining companies to prioritize compliance in these areas to safeguard their operations.

Junior Companies Have Difficulties Accessing Funding: PDAC

Increased investment in metal battery projects is accelerating the global energy transition. However, experts warn that the shift in investment has led to a decline in financing deals for junior companies in other metals.

Mexico’s Mining Hub Requires a Supportive Government

Leonardo Taylor, Sonora's Director of Mining, highlights the state's leading role in Mexico's mining sector, boasting 145 projects and significant mineral production. Sonora leads in copper, gold, barite, iron, and silver production, with plans to become Mexico's second-largest zinc producer. The state's mining industry is a major economic driver, contributing 31.4% to Mexico's national production.