Image credits: Pedro Henrique Santos
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Weekly Roundups

National Mining Union to Pay US$54 Million to Cananea Workers

By Paloma Duran | Wed, 02/09/2022 - 18:10

The Federal Board of Conciliation and Arbitration (JFCA) declared that the Mexico’s National Union of Mining, Metallurgical, Steel and Similar Workers will be responsible for the payment of the 226 workers of the Cananea mine, all of whom were beneficiaries of a trust created in 2005. Consequently, Napoleón Gómez Urrutia, General Secretary of the Union, was instructed to pay US$54 million plus interest to these workers. María Eugenia Navarrete Rodríguez, President of JFCA, highlighted that the neither Mexico’s mining industry nor Grupo México, Minera Cananea or Scotiabank are responsible for this payment or for claims made by the union.

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SEMARNAT Makes Typo in Minera Cuzcatlán’s EIA

Mining company Minera Cuzcatlán received a message from SEMARNAT, in which the environmental body explains that it made a mistake in its Environmental Impact Authorization (EIA). As a result, the company’s permit has been granted for two years instead of the 12 years originally agreed upon. Minera Cuzcatlán said it is working to resolve this matter and reconfirm its previously granted extension.

AMLO Proposes Tourism Project to Vulcan Materials

President López Obrador has proposed Vulcan Materials to withdraw a lawsuit against the Mexican government in exchange for resources to convert its limestone mine into a tourist attraction. The company filed the lawsuit after it was no longer allowed to continue its mining operations. López Obrador said that if an agreement is not reached in the short term, the government will ask the UN for help.

Juanicipio Plant to Start Operations in 2Q22

MAG Silver provided an update on its Juanicipio project and its production volume as part of its 4Q21 report, considered the most significant of the year. The company said that Fresnillo is still working with authorities so the Juanicipio plant begins operations in 2Q22.

Mexico’s Top Copper Producer to Invest More in 2022

In 2021, Grupo México reached record revenues largely due to its mining operations and higher copper market prices. The company said that it will significantly increase its investment to further develop projects, since the outlook for 2022 remains optimistic. 

Esperanza Project to Receive Significant Investment in the Coming Years

Alamos Gold and its subsidiary Esperanza Silver announced they will invest US$500 million over the next 10 years in their Morelos-based Esperanza project. Esperanza Silver said it is currently carrying out technical and environmental impact studies so that it can request environmental permits to advance the project. The company highlighted that unlike other projects, the Esperanza project will promote sustainable mining and regional economic development from the start.

The data used in this article was sourced from:  
Reuters, MBN, Mining Mexico
Photo by:   Pedro Henrique Santos
Paloma Duran Paloma Duran Journalist and Industry Analyst