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Weekly Roundups

Mexico’s Industry Progresses on Social and Environmental Goals

By MBN Staff | Thu, 10/29/2020 - 15:56

The Week in Mining brings forward developments in Mexico’s industry, where the rescue plan at Pasta de Conchos is set to kick off. Also, a new police force specialized in mining will be deployed and CAMIMEX was given an award in recognition of its members’ response to the pandemic.

This and more in your weekly mining roundup!

 

Mexico

President López Obrador will spearhead an integrated rescue plan to excavate the Pasta de Conchos mine and recover the remains of the miners that were trapped in 2006. The rescue plan is expected to conclude in August 2024 when the president’s mandate ends.

The Ministry of Security and Citizen Protection (SSPC), the Ministry of Economy (SE) and the Mexican Mining Chamber (CAMIMEX) announced the implementation of a new police force under the Federal Protection Service (SPF) that will provide protection to national deposits.

Mexico’s Mining Chamber (CAMIMEX) was awarded the Responsible Industry Award by Fundacion CONCAMIN. The recognition was given due to the actions that the industry has implemented to face the COVID-19 pandemic.

In September, Mexico produced 1.40 million tons of steel, 3.9 percent less than those produced during the same month in 2019, reported Worldsteel.

Jesús Enrique Pablo-Dorantes from the Mexican Academy of Environmental Impact, explored the causes that are leading to significant delays in SEMARNAT’s processing of requests for mining projects. “Although we can blame the pandemic, there are other factors that can explain the inefficiency of SEMARNAT and not all of them are attributable to this authority,” he said.

MAG Silver announced that development material from the Juanicipio project began processing at the Fresnillo beneficiation plant (owned by Fresnillo plc) during 3Q20. The project is a joint venture between Fresnillo plc (56 percent) and MAG (44 percent). Fresnillo plc’s board approved the project in April 2019, with a US$395 million investment.

Grupo México, one of the world's largest copper producers, reported on Monday that its profits more than doubled in 3Q20, reaching US$782 million.

 

International

A recent settlement regarding slave labour and torture issues in the Canadian-owned Bisha mine in Eritrea raised important questions and concerns.

Mining and other extractive industries can have a significant impact on local food security, especially in areas where food production is destined to local consumption and where local governments are inadequate. High levels of unemployment, discrimination, lack of security and poor living conditions further exacerbate food insecurity. 

 

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