The Week in Mining: Projects in Mexico’s Pipeline on the Brink of Going OnlineFri, 12/06/2019 - 14:02
The Week in Mining underscores promising developments in Mexico’s project pipeline involving Pan American Silver and Minera Alamos. Moreover, the FBI says illegal mining in Latin America, including Mexico, is a threat to US national security. Also, gold miners around the world go on the biggest M&A binge in a decade.
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Minera Alamos is nearing first mine development in Sonora. Santana, the group's near-term production opportunity, has seen a successful bulk test mining program. First gold is earmarked for the middle of 2020.
Radius Gold, an exploration company working with Pan American Silver, has reported high-grade drilling results at Amalia in Chihuahua state.
The FBI made a statement before the Senate’s Foreign Relations Committee signaling illicit mining as a threat to US national security and international human rights. The statement says criminal groups in Mexico complement their income through this activity.
Miners join the transition to a low-carbon economy, not only by providing minerals for green technology but also by implementing renewable energy projects at mines around the world.
A new EU-funded project hopes to improve the commercial viability of mining modest but high-grade critical raw mineral deposits across Europe.
Brazilian mining giant Vale said it will increase nickel production in coming years to 360,000 tons a year, mainly by expanding in Indonesia.
According to Reuters, gold miners notched transactions worth a record US$30.5 billion this year. This is the biggest M&A binge since bullion prices peaked nearly a decade ago.