Mexico: Country of Challenges and Opportunities in Mining
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Mexico: Country of Challenges and Opportunities in Mining

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Karin Dilge By Karin Dilge | Journalist and Industry Analyst - Wed, 06/22/2022 - 17:52

Mexican mining companies are increasingly showing efforts to mitigate carbon emissions and join the UN Sustainable Development Goals. Challenges regarding labor disputes appear to be on the rise. Nonetheless, companies are strengthening ESG strategies by working together with communities and implementing new technologies. Mexico has a unique opportunity to lead the market toward these technologies.

 

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Odyssey Marine Exploration Continues Lawsuit Against Mexico

The American company Odyssey Marine Exploration will continue with its international arbitration claim against the Mexican state for rejecting its seabed mining project proposal.

Mexico Ranked as World’s Largest Silver Producer in 2021

The Silver Institute released its Silver Survey 2022, where Mexico ranked as the largest silver producer in the world for 2021. In addition, 2022’s global silver production is expected to grow steadily and reach pre-pandemic levels thanks to newly developing projects.

Mexico Could Establish a Benchmark in Robotics Technology

Despite the many opportunities that robotics brings to the mining industry, research and innovation in the area has declined in the past quarter. Experts stressed that the mining industry needs to further embrace this technology to fully transition to Mining 4.0. Furthermore, there is a unique opportunity for Mexico to lead the market for these technologies.

Creating Win-Win Scenarios for Communities and Mining Companies

The relationship between indigenous communities and mining companies has proven to be key to maintaining a mining project in Mexico. As the social landscape of the mining sector becomes more complex, it is important for miners to recognize that communities now have more of a voice and need to be closely involved in what happens on their land in order to develop win-win relationships.

Mining Companies Face Higher Labor Dispute Risks

Labor disputes such as strikes are more likely to become a problem for Mexican mining companies, as workers are requesting higher bonuses on the back of rallies for resource prices and reforms to profit-sharing regulation.

ArcelorMittal Workers Go on Strike

On Wednesday, June 15, members of the National Labor Union of Mining Workers (SNTMM) Section 271 went on strike at the steel producing company ArcelorMittal’s plant located in Michoacan, after failing to reach an agreement regarding profit sharing.

ArcelorMittal and Labor Union Reach Agreement

On June 17, representatives of major steel producer ArcelorMittal and the National Labor Union of Mining Workers (SNTMM) reached an agreement to call off the workers’ strike that started on June 15 at a steel-producing plant located in Lazaro Cardenas, Michoacan.

Mining Deposits Help Chihuahua Source Water

José Franco, Operations Director, the Municipal Water and Sanitation Board (JMAS) of Parral, announced the progress of a water treatment plant project in the El Quijote, Chihuahua. Here, mining deposits were fundamental to guarantee a water supply for nearby communities amid the water scarcity issues troubling the state.

Mining Companies Work Toward Mitigating Carbon Emissions

Major mining companies with a presence in Mexico continue to work toward reducing greenhouse gas (GHG) emissions. Nonetheless, their progress has been slowed due to the uncertainty regarding renewable energy contracts, after controversial policy reforms were implemented.

Alamos Gold to Reduce GHG Emissions by 30 Percent

As different industries are moving toward more sustainable practices, the mining industry is adopting new technologies to reduce its impact on the environment. Recently, Alamos Gold announced its intention to reduce its Greenhouse Gas (GHG) emissions by 30 percent before 2030.

Mexico Celebrates International Day of Women in Mining

As an initiative of the International Organization Women in Mining (WIM) the first International Day of the Mining Woman was celebrated on June 15. Mexico joined the celebration, too, highlighting the progress the industry has already made in terms of fostering gender equality.

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