Open-Pit Mining Ban to Impact Mexico's Growth: The Week in Mining

The recent reforms presented by President López Obrador, which include prohibiting open-pit mining and setting limits on water concessions in areas where water is scarce, are concerning the mining sector. Meanwhile, the industry is striving to demonstrate that its operations are sustainable and socially responsible.

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Sonora’s Mining Sector Decries Reform to Ban Open-Pit Projects

López Obrador's reform proposal to ban open-pit mining concessions in Mexico would have a serious impact on the country's economic growth, warn mining associations in Sonora, where most of these mining projects are located. These associations urge authorities to thoroughly analyze the proposal, as well as its negative impact on this and other states with open-pit projects.

Mining Embraces Responsibility Amid Challenging Environment

Amid a challenging political environment for mining companies in Mexico, the industry is doubling down on ESG measures to mitigate its operational impact. This underscores a growing recognition within the sector of the need to address environmental concerns while navigating regulatory uncertainties.

Zacatecas Offers Outstanding Mining Opportunities: Orla Mining

Orla Mining's Camino Rojo mine in Zacatecas is attracting shareholder interest due to its strong performance, says Jason Simpson, CEO, Orla Mining. The mine's success is attributed to its efficient operations and the quality of its ore, leading to an increase in production guidance for 2023, which transformed Orla into Mexico’s producer with the lowest costs, adds Simpson. 

Tesla Needs More Mining

Tesla introduced the Cybertruck to the market in 2023 and has already received 2 million reservations. However, Tesla is facing challenges in meeting this demand, given the scarcity of minerals. Experts suggest that Mexico, with its mineral reserves and existing relationships with Elon Musk, CEO, Tesla, is well positioned to step in and meet the growing demand for minerals.

Heliostar Metals Eyes Self-Financing for Ana Paula Project

Canada-based Heliostar Metals unveiled its plans for advancing the Ana Paula gold project in Guerrero. The company outlined the progress made since the acquisition of Ana Paula 10 months ago, highlighting the potential transformation of the project into a high-grade underground gold venture.

Luca Mining's Tahuehueto Project Approaches Final Commissioning

Luca Mining reported advances at its Tahuehueto gold mine in Durango as it nears the final stages of commissioning, with the project expected to increase throughput at the Tahuehueto mill to 1,000t/d.