Salaries for Women in Mining Higher Than the National Average

Women working in the mining sector report salaries 76% higher than the national average, according to CAMIMEX. While this is a positive indicator for the mining sector, industry insiders believe there is still significant progress needed to achieve gender parity. In other news, base metals have shown positive performance at the London Metal Exchange (LME) this week, mainly attributed to a reduction in the supply side from Asian players.

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Salaries of Women in Mining 76% Above National Average: CAMIMEX

Salaries for women participating in the mining value chain are 76% higher than the national average, reported CAMIMEX. The chamber stresses the importance of promoting gender parity within the sector as female participation is increasing, however, challenges persist.

Fortuna Silver Anticipates Closure of San Jose Mine

Canada-based Fortuna Silver Mines announced the early closure of its San Jose mine in Oaxaca, ceasing operations this year, six months ahead of schedule. This decision comes as a result of rising costs and depleted reserves at the mine.

Fortuna Silver Calls for New Approach to Mining

Fortuna Silver Mines' Mexican subsidiary, Minera Cuzcatlán, has announced the early closure of its San Jose mine in Oaxaca. Originally scheduled for mid-2025, the closure has been moved forward by approximately six months due to rising costs. The company expressed its desire to continue operating in Mexico but emphasized the need for a more favorable government stance toward mining.

United States to Slap Tax on Mexico’s Aluminum Extrusions

The US Department of Commerce (DOC) has released its initial findings on the subsidization of aluminum extrusion industries in China, Indonesia, Mexico, and Türkiye, where governments were found to subsidize these sectors. Consequently, the DOC has determined preliminary countervailing duties for imports from these countries.

First Nations Meet at PDAC for Community Collaboration

First Nation leaders gathered at the Prospectors and Developers Association of Canada (PDAC) convention to share insights into the role of partnerships in mining and reconciliation efforts. Attendance of First Nations shows the need to foster positive relationships between mining projects and surrounding communities, as well as having a legal framework that promotes broader benefits for companies and communities. 

Zinc, Base Metals Reported Positive Performance at LME

Zinc led the rally as metal prices surged to a five-week high, driven by investors closing out bearish positions. The surge was driven by signs of tightening supplies and robust commodities demand in China. 

Chinese Coal Demand Approaches Its Peak

China's coal consumption is approaching its peak, but this fossil fuel will remain crucial in addressing the country's energy security concerns, said the China National Coal Association (CNCA). This comes at a time of increasing concern over the use of polluting energy sources and the rise of cleaner alternatives.