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News Article

Mining Activity Responsible for Development in Durango

By Miriam Bello | Thu, 01/27/2022 - 15:02

You can watch the video of this presentation here.

 

The state of Durango is traditionally a mining state, where mining activities first took place in the year 1552, at a time when the iron deposit of Cerro de Mercado was discovered by Spanish Captain Ginés Vázquez de Mercado. This landmark event marked the founding of the city of Durango, where mining production has been relevant for metallic minerals. Today, Durango boasts prominent mineral deposits, which are still in operation today.

These deposits have primarily contributed to maintaining a prominent position in Mexico's mining production. These represent one of the best alternatives for development in places where the possibility of establishing any other industry is out of the question, explained Gustavo Kientzle, Secretary of Economic Development, Durango.

Durango is a leading national producer of metals, such as gold (fifth place), zinc (second place), silver and plumb (third place), iron (fourth place) and copper (seventh place). In non-metallic minerals, Durango is a leading producer of bentonite (first place), perlite (second place), marble and fluorite (third place). The state also has gypsum deposits, clays, limestone, sand and gravel, minerals that, according to Kientzle, contribute to the state's and country's GDP.

Kientzle said Durango has 23 mines in production in 17 municipalities; five of them rank among the Top 10 with the highest production of metallic minerals out of a total of 240 in the country. Durango ranks fourth place nationwide as having the best performance in the mining industry.  

In addition, Durango has 42 economic projects in different areas and according to IMSS, by the end of 2020, the mining industry was responsible for the creation of 367,935 direct jobs and 1,839,675 indirect jobs. Moreover, plans for a current investment for three new mining operations in the state are underway, representing US$46 million expected to begin operations in 1Q22. 

Kienztle said that for this reason, the mining industry will continue to support private companies ready to invest in Durango. Moreover, the state is highly committed with Mexico's mining industry, encouraging a rule of law that will incentivize and support legal certainty in land occupation.  

Among the state's most prominent mineral deposits are: Ciénega de Nuestra Señora, Tayoltita, Velardeña, Guanaceví, Avino, La Platosa, Topia, Cerro de Mercado, La Ojuela, Bacís, Magistral del Oro, Indé, Minitas and more recently the San Sebastián, El Castillo, San Agustín and Rode mines.

Photo by:   Mexico Business News
Miriam Bello Miriam Bello Senior Journalist and Industry Analyst