Image credits: pixabay
News Article

MMF 2022 ECHO: A Complete Panorama for the Mining Industry

By Karin Dilge | Wed, 06/22/2022 - 12:09

The uncertain environment in the Mexican mining industry, created by recent policy changes, appears to merely have had a modest impact on business, since companies continue to carry out their operations and look toward new investment. Nevertheless, regulatory risks and political unpredictability are weighing heavily on this new investment. Attend Mexico Mining Forum 2022 ECHO to learn about the challenges mining companies are facing in the industry and what they are doing to tackle these issues.

In the past, mining companies have often been reluctant to implement new technologies, but innovation is now increasingly seen as convenient due to its benefits. Automatization, digitalization and electrification are transforming the way that mines operate. Their implementation has demonstrated positive results regarding safety and finances. 

Autonomous vehicles, automated drilling, tunnel boring systems, drones and smart sensors are among the technologies disrupting the industry. According to the World Economic Forum, autonomous machines will be commonplace by 2025. Having these machines operating at high levels of productivity and with lower labor costs and risks could add US$56 billion to the industry’s bottom line.

“One of the main challenges that the mining industry faces is ensuring secure operations. Many shareholders have not yet identified this as a key hurdle in the mission to optimize costs, increase efficiency, reduce the number of accidents and optimize the budget. Accidents have heavy repercussions,” said Alejandro Sánchez, CEO, Abacus IT, in an interview with MBN. How to optimize mine logistics and reduce accidents will be one of the key topics discussed during the Mexico Mining Forum 2022 ECHO.

Another ever-important issue is sustainability. Even though mining has been linked to irresponsible practices and environmental damages, the industry has been and will continue to be fundamental to the country’s sustainable development, agree experts.

According to the United Nations Development Program (UNDP), the extraction of construction minerals increased 34 times over in the 20th century, while ore and industrial minerals production increased 27 times. This outpaces the quadrupling of the global population and even the 24-fold increase in the worldwide Gross Domestic Product (GDP).

These and other developments are what makes 2022 a unique year for Mexico’s mining industry. Growth and development will take on new shapes and those interested in deepening their involvement will need to be close to the sectors’ key decision makers.

Therefore, Mexico Business is proud to extend an invitation to Mexico Mining Forum 2022 ECHO, a flagship gathering of the industry’s most important leaders and investors. A ticket to the forum will grant you access to the sector’s most important discussions and the stakeholders that are defining them. Taking place on July 6, 7 and 8, the summit will provide space to develop new business opportunities.

Mexico Mining Forum 2022 will bring together the public and private sectors of the industry in a way that will prove informative to one of Mexico’s most complex and economically relevant industries.

Photo by:   pixabay
Karin Dilge Karin Dilge Journalist and Industry Analyst