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17-05-2010 golden marketActuality, news Mexico, and press clippings on the mining and the golden market in Mexico.
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12-05-2010 CNNExpansión
Mexico - The gold is supported like a sure and attractive saving refuge
The gold is supported like a sure and attractive saving refuge, there coincide Jorge Gordillo and Arturo González Navarro, assistant director of Economic analysis of CiBanco and Analyst Senior del Área of Metals of Bancomer.
Diverse analyses de facto show that in the following 5 to 10 years it might go so far as to touch a price for 2.000 dollars the ounce.
González Navarro says that the gold continues, and it will keep on being, one of the best instruments of coverage.
“Whenever there is suspense in the world, economic problems in any country, the gold will always be a refuge of all the funds”.
Aryan Gordillo he adds that normally when there is suspense on the market the investors take to the gold as a sure good and if the markets are raising the people also he likes the gold.
“Immediately after the world crisis, the gold has been a very attractive good and constantly it registers movements to the rise; it has been a good way to insure itself little risks. It is a good coverage instrument, out of risk now when the market is very volatile”.
For what subtraction of 2010, it anticipates that the gold will have a behavior to the rise, every time economic problems not solved in several countries still exist. “It will keep on being good assets to invest”.
22-04-2010 newspaper
Mexico - Chihuahua - Experiences Program of Promotion to the Public and Private Investment
Bothersome steps before tens governmental dependencies, problems to negotiate with the proprietors of the grounds, principally ejidatarios, laws that exist in favor of the mining industry that is not applied because there is no Government that assumes the political cost on having applied them, and up to invasion in areas of the drug trafficking, there are some of the problems that the businessmen of the minerals must face.
The previous thing, as it was exhibited during VIII International Conference of Mining and the Expominería organized by the Association of Mining engineers, metalurgistas and geologists of Mexico, in the Center of Conventions of the city of Chihuahua.
19-04-2010 the Economist
Mexico - Mine-layers had the first trimester golden 2010
Very positive they paint the results of the first trimester of 2010 for the mine-layers Grupo México, Autlán and Peñoles, since it is estimated that his sales have grown up to 92,6 %, 99,3 % and 65,4 %, respectively.
According to a report of Financial Group Ixe, Industry Peñoles, Group Mexico and Mining Company Autlán head the list of 10 companies of the Mexican Stock Exchange of Values (Mexican Stock Market) with major growth in income.
Peñoles props up the title of increase of EBITDA with a dear of 222 %, influenced hard by his biggest exports of gold, silver and lead.
In what it goes of the year 2010 the prices of the gold and the silver experienced considerable fluctuations along the first trimester 2010, but they brought at the end of this one marginal profit (about 3 and 5 %, respectively) and there exists the expectation of which his growth at the end of the year 2010 could be compared with 60 % observed during 2009.
Demand increases - I steel and pray, the strongest
For Rodrigo Heredia the perspectives for the sector are positive:
“Although we are in an atypical year for the limited base of comparison of last year 2009, a widespread recovery of the mining is perceived by the increase of the prices of several metals derived from a major demand, which is foreseeable that is supported by the economic revival.”
14-04-2010 Fresnillo
Mexico - Fresnillo - golden Production in the first trimester 2010 to record
The golden mine-layer Fresnillo Plc announced that his golden production rose in the first trimester 2010 for the activity of a new mine.
The golden production raised 31,5 %, to 85.097 ounces, thanks to the fact that the new mine Solitude - dipole began to operate in the middle of January, 2010.
The executive president of the company Fresnillo, Jaime Lomelín, said:
“The attributable golden production has exceeded our expectations due to the best initial operative results to the waited in Solitude - dipole.”
01-04-2010 Oem
Mexico - Chihuahua - They Find deposits of gold and silver in the Saw
For the 2nd trimester of 2010 the Canadian mining company Gammon Gold will construct new perforation platforms in the municipalities of Guadeloupe and Bald person and Ocampo, after the detection of golden deposits and silver in both regions. The works of exploration of the saw in the last months threw good results, since in Ocampo 5 new development areas were located. With the starting of the project in Guadeloupe and Bald person they try to produce 15 towers for the 2nd trimester 2010. It will be necessary to remember that in the 4th trimester of 2009 the mine-layer brought a minor clear revenue, but with profit impelled by the prices of the gold and the silver. Even in 13.5 million dollars it promoted the fall, this represents 10 cents for action.
11-03-2010 ElEconomista
Mexico - BlackRock throws 10 new ETF iShares
Across these ETF iShares the local investors can gain access to any market and assets in the world, from actions, happening for bonds and up to the precious metals like the gold and the silver.
Also in The Weekly paper.
06-03-2010 Oem
Mexico - Chihuahua - They will Produce in 2010 approximately 155.000 golden ounces in mineral The Sauzal
The golden production in the mine-layer of The Sauzal, municipality of Urique, will amount this year to 155.000 golden ounces, as Gold Corp announced.
The mining companies established in Mexico will invest 2.245.000.000 of dollars during 2010, a crucial year for several of the big signatures of the sector.
This would mean a decrease for the second year in a row; nevertheless, the number can be modified of the positive tendencies are supported in the prices of the principal minerals.
The companies would have invested approximately 2.730.000.000 of dollars in 2009, in agreement also with estimations of.
The new investments will influence so that the mining national production grows between 5 and 10 % in 2010, there predicted Manuel Luévano, president of the Mining Chamber of Mexico (Camimex).
01-03-2010
Mexico - Peñoles makes use raised of price I pray in 14,7 %
Peñoles registered in 2009 a majority net profit of 5.198 millions in weight (385 million dollars), 23,2 % less with regard to the obtained one in 2008. In a financial report dedicated to the Mexican Stock Exchange of Values, Peñoles indicated that the year 2009 registered clear sales for 44.812 millions in weight (3.319 million dollars) in 2009, he codes 15,4 % minor to that of the year 2008. Peñoles indicated that in the 4th trimester of 2009, the prices of the gold that it produces and sells registered important increases of 14,7 % with regard to the year 2008, and they reached the highest levels of the year.
02-02-2010 OEM
Mexico - mining Investment over 16.600 million dollars until 2012
It is believed that for the period 2009 - 2012 the investments for new mining projects in Mexico will be over 16.600 million dollars in the whole country, what will allow not only one growth in the production of beautiful and basic minerals, but in the creation of new direct and indirect sources of employment. According to specialists in the branch, 2009 was seen by difficulties in prices and strikes in the first half of the year, in the second half the panorama improved with the increase in the prices of the basic metals and the project revival of exploration.
The panorama in 2010 is more positive to the lived in 2008 and 2009, since there exist projects of investment and mines for starting in entities as Zacatecas, Chihuahua and Sonorous.
At been level, there is the case of the mine Peñasquito in Zacatecas, which will produce gold, silver, lead and zinc. The Canadian signature Gold Corp is who develops this project in the country and it has already initiated tests, therefore at the present year they will be employed to 100 % of his installed capacity.
29-01-2010 CNNExpansión
Mexico - The metals extract sheen 2010
The producing signatures of copper, lead, zinc and platinum might have the best upturn in the year, in accordance with Bank of dears America Merrill Lynch; the metal demand will be impelled by the economic recovery and the emergent countries. This might impel the Mexican mining companies, especially to those like Autlán, Group Mexico, Simec of Group Alpha and Industry CH.
22-01-2010 GC
Mexico - Goldcorp says that Peñasquito is already generating cash flow
Peñasquito is the “principal assets” and it is already generating cash flow and operating to a valuation of development of 500.000t/d, supported the executive in the event 2010 Whistler Institutional Investor Conference of CBIC World Markets.
The first one of two circuits of grinding is operating to 40.000t/d. “From an operational point of view, we believe that we come”, pointed out the executive in reference to reach the commercial production.
21-01-2010 Zacatecas Online
Mexico - Goldcorp remains with the project Red Way
The Canadian mine-layer Goldcorp improved his offer and he will buy for 3 thousand 346 millions in weight the project of Red Way, in Mazapil. Goldcorp, the second golden producer in the world, had done an initial agreement with also Canadian Canplats, proprietor of Red Way, to acquire the mining project for 238 million Canadian dollars.
Although the offer of the Canadian mine-layer is equal to the one that Penmont was doing - that possesses 56 % of the actions PLC Fresnillo - Canplats decided on Goldcorp; also, of having broken the initial dealing he had had to pay a fine for 9.3 million dollars.
For Goldcorp it was turning out to be very important to acquire the project of Red Way, every time to 50 kilometers there is his mine of Peñasquito, where there are reservations of 17 million golden ounces, his current price is thousand 200 dollars, that is to say, this is equivalent to weight of approximately 257 billions. Also it has probable reservations of 7 million 70 thousand tons of lead and 15 million 36 tons of zinc, as well as 575 million tons of silver; investigators of the Autonomous University of Zacatecas have mentioned that there can be even uranium.
In the Peñasquito mine, Goldcorp has invested thousand 513 million dollars, which they include, between others, buys it of about more than 6 thousand hectares to peasants and the construction of a freeway of landing for planes.
This mine located in one of the poorest municipalities of Zacatecas, will have a production of 30 million silver ounces, what there represents 28,8 % of the current extraction of all the mines of Mexico, and of 400 thousand golden ounces equivalent to 25,1 % of the current production of the country.
The project Red Way, which has reservations proved by 3.44 million golden ounces and 60.7 million silver ounces, is part of the projects of Goldcorp in the area.
19-01-2010 economist
Mexico and Chile are slightly attractive for investors
Neither despite the attraction that the institutional investors feel on emergent markets, nor Mexico nor Chile they are in the average preference of the briefcase of 209 agents of world funds. This is one of the evidences that shows the monthly survey of Bank of America-Merrill Lynch (BofA-ML), realized between managers of funds of more than 50 countries. In fact they support to these two markets of Latin America how "infraponderados", that is to say, in the list of the emergent ones that they offer less incentives to his investments.
19-01-2010 CNNE
Mexico - Inflation goes of rebound
The prices increased the consumer up to a 1 % in the first fifteen days of January: experts; in these first two weeks the prices will reflect the impact of the fiscal modifications.
The origin of the rebound in the prices would come from the fiscal modifications that brought in in force - how the VAT that his valuation spent from 15 to 16 %-, and the rises in prizes of goods and public services like the gas, the electricity and the gasoline.
14-01-2010 day
Mexico might journey to a social crisis
If they do not attend to the problems of a structural way, the big national problems, like poverty, unemployment, illiteracy and absence of labor and educational opportunities for the young people, Mexico might journey from a financial crisis to one of social character, “that is convenient for nobody”, there repeated José Narro Robles, rector of the Autonomous National University of Mexico (UNAM).
11-01-2010 economist
Mexico, without making use of Chinese market
Thirteen countries of Latin America export proportionally more to China that Mexico, what demonstrates the misuse of this market on the part of the Mexican companies, concludes an analysis of the Economic Commission for Latin America and The Caribbean Sea (Cepal www.eclac.org). China is the first destination of the exports of Chile and Brazil, and the second one of Costa Rica and Peru, while of Mexico it is the eighth one.
11-01-2010 Inegi
Mexico - Continues the fall of industrial activity in Mexico
The industrial activity in Mexico fell down 8,2 % until November, 2009 opposite to the first eleven months of the previous year, informed the National Institute of Statistics and Geography (INEGI). The slope of the annual valuation was motivated by the descent in 11,6 % of the manufactures and of the construction in 7,5 %, added the entity. The light growth of the mining joined it in 0,6 %, and of the services of electricity, water and gas supply for conduits in 0,2 %, informed INEGI.
Although in November, 2009 the evaluated sectors showed a global increase of 1,05 % as regards the previous month, mining and constructions continued the tendency to the fall, as they confirm the official information.
11-01-2010 FPLC
Mexico - withdraws Fresnillo of the struggle from Itself for the mine-layer Canplats
Fresnillo, daughter company of the Mexican Peñoles, has announced that it will not extend his offer to acquire the ordinary shares of Canplats Resources Corporation (Canplats). In a bulletin sent to the Mexican Stock Exchange of Values, he has informed that it is resolution it was already notified to the Council of Administration of Canplats across his daughter company Penmont, of which it has 56 % of the actions and 44 % is in hands of Newmont Mining Corporation. This implies that, “Fresnillo announces that mine-layer Penmont has decided not to take any additional measurement as regards his proposal to acquire the ordinary shares of Canplats Resources Corporation”.
It, after that the Council of Canplats solved that the modified Penmont proposal was already not constituting a “top proposal” for the intentions of the agreement with Goldcorp and decided to recommend to the Canplats shareholders to accept the agreement modified with Goldcorp, showed. So, “, after analyzing his position, Penmont determined that to realize an additional modification to the proposal would not be in the best interest of his shareholders.
08-01-2010 informer
Mexico shows his historical and cultural wealth in Europe
The exhibitions Teotihuacan. City of the Gods and Moctezuma: the man, the myth and the empire that at present there exhibit the museums Quai Branly of Paris (France) and the Briton of London (England), respectively, have turned into the most excellent cultural events of the period in these two countries of the European Union.
Organized in common by the National Institute of Anthropology and History (INAH) and the National Advice for the Culture and the Arts (Conaculta), both samples are part of the commemorative activities of the Bicentenary of the Independence and the Centenary of the Mexican Revolution, which throughout this year there will join several exhibitions more, between which they emphasize Olmec, funeral Cult, the mirror of the life in the Occident of Mexico, Vasco de Quiroga: the return of the utopia, Gold of the Americas and Benito Juárez and the construction of the modern Mexico, these two last ones with given works.
Teotihuacan. City of the Gods will remain until the next January 24 in the Parisian museum Quai Branly, to spend later for other important European explanatory spaces like the Rietberg, in Zurick (Switzerland), the Martin-Gropius-Bau, in Berlin (Germany), the Palace of Exhibitions of Rome (Italy) and, further on, Spanish someone, although it is not decided yet to which.
07-01-2010 century of Turret
Mexico - mining Industry will shine in 2010
They foresee a growth in the Mexican mining. After a year complicated like 2009, the mining sector thinks that the panorama in 2010 is more encouraging, with growth rates estimated between 5 % to 10 %. The investments for 16 thousand 600 million dollars in new projects for the period of 2009-2012 allow to trust in a growth in the production of beautiful and basic minerals. Manuel Luévanos, president of the Mining Chamber of Mexico, commented that: "For 2010 there are mining projects in Mexico that are in process and that are very interesting, as it it is the case of the mine Peñasquito in Zacatecas, which will produce 400.000 annual golden ounces”. He said that the Canadian signature Gold Corp is who develops this project in the country and it has already initiated tests, therefore at the present year they will be employed to 100 % of his installed capacity.
07-01-2010 universal
Mexico - Caldron celebrates 3,57 % of inflation in 2009
The inflation fact for Mexico in 2009 of 3,57 % is perhaps the lowest, or the second one lower that has record in Mexico since the inflation registers, and that that this fact already incorporates the adjustments in the price of some fuels that were done in December, 2009.
06-01-2010 day
Mexico - BCS: they will exploit gold in a reservation of the biosphere
The company Yellow Thick wall, daughter company of the Seen estadunidense Gold, concluded the phase of exploration and waiting to obtain the federal permission of change of use of soil in the first trimester to exploit an opencast gold-mine in the area of damping of the reservation of the biosphere saws The Lagoon, in the precincts of the magic people All Saints, municipality of La Paz, warned organizations environmentalists by means of an information campaign by means of the document The saw The Lagoon and the golden mining: 10 things that you should know.
25-12-2009 Yancuic
Mexico - mining Companies will increase operations in 2010
As part of the strategy of economic growth across the implementation of programs of use of the raw material in every region of the entity, of the Government of the State that Ismael Hernández Deras heads, by the beginnings of 2010 will strengthen the production of four mining companies, like that it was announced by the Secretary of Economic Development, Jorge Reynoso Martínez.
23-12-2009 Reuters
Mexico - Penmont (branch of Fresnillo) agrees to buy Canplat
Fresnillo has communicated that his society Minera Penmont plans to buy Canplats Resources Corp for 4,40 Canadian dollars for action, what it overcomes an offer of the Canadian Goldcorp Inc.
The offer of Penmont, which in 56 % belongs to Fresnillo and in which Newmont Mining Corp takes part, values Canplats for 241 million dollars and overcomes in 38 % the Tuesday closing price.
Canplats said that the agreement proposed with Penmont was a “top proposal”.
Goldcorp, who had announced in November an offer for 238 million Canadian dollars, has until December 31 to answer. Goldcorp said that it has the right, in the next 5 working days, of equaling the financial terms of the offer of Penmont and that he is considering his position.
Canplats has informed that he tries to enter an agreement with Penmont dependent on the right that Goldcorp has to equal the offer.
The principal Canplats focus is the development of the discovery of Red Way in Mexico.
The deposit Restrains of Red Way possesses 3,44 million golden ounces on a base of measured and stated resources.
21-12-2009 INEGI
Mexico - golden Production falls down 27,5 % during January to October, 2009
According to the monthly report of the National Institute of Statistics, Geography and Computer science (INEGI) of Mexico, the golden production in Mexico contracted 27,5 % during January to October, 2009.
17-12-2009 INEGI
Mexico - golden Production falls down 24,7 % in October, 2009
Between the Precious metals (used for industrial ends, minting of currency and jewelry shop), the golden production in Mexico contracted 24,7 % in October, 2009 with regard to equal month of 2008, on having obtained 3.770 kilograms.
The biggest golden production in Mexico Chihuahua obtained in Sonorous, 32,7 %, 18,5 %, Durango 14,1 % and Zacatecas 13,3 %.
09-12-2009 express Chiapas
Mexico - The springs of the devil
At present the transnational corporations have modernized his forms of development, to extract the more rapid metals and to minor cost. For it, they use the methods of “Tagus to Open Sky” and “Tunnels“, in addition to called "Lixiviación", which constitutes one of the most pollutant activities of the world and more harmful for the health of the persons. This method is prohibited in all the rich countries, therefore the mining companies look for poor countries that have weak and corrupt governments so that they give them the necessary permissions. In accordance with the investigators of the Center of Economic Researches and Politics of Community action (CIEPAC), this is the serious danger that today has above the village of Chiapas and his ecosystems. The federal Treasury Department, in complicity with the state government, Secretariat of the Environment and Natural resources and Profepa (Federal Lawyer's office for the Protection of the ambience) they have given more than 50 permissions of exploration and mining development that include 550 Mil Hectáreas in 29 municipalities, to the Canadian transnational companies “Linear Gold Corp”, “Fronteer Development Group”, “Radius Gold“ and Kinross Gold, principally. The federal and state governments have violated agrarian laws, of health and environmental, as well as the Human rights of the affected population, and international agreements like the Agreement 169 of the OIT. The authorities have concealed all this, therefore nothing of it there know most of the proprietors of those 550 thousand hectares, which in most cases are a property ejidal and communal. The same way it is ignored that it is seriously ill problem threatens to thousands of towns that, although they are removed, receive water poisoned across the rivers.
09-12-2009 Camimex
Mexico will produce up to 75 tons of gold in 2010
Mexico will have produced this year 2009 a whole of 60 tons of gold, what supposes an increase of 20,9 % in relation to the registered in 2008 (49,6 tons).
In 2010 Mexico foresees prodicir between 70 and 75 tons of gold, due to a series of new investments in mining projects to extract the precious metal.
From 2011 one hopes that there should be a production of 100 annual tons of gold.
The Mining Chamber of Mexico (Camimex) informs that: "Mexico hopes to be placed between the first 5 golden production places in the world of the investments in these projects are supported. At present the principal golden producers are China, the United States and South Africa, but a regression exists in the international reservations of gold due to the high demand. This situation represents an opportunity for Mexico, because the world economic crisis pushed the prices of the gold to the clouds. The investments keep on growing in the next years in Mexican territory in the good moment of the international prices. Mexico is a country where scarcely there has been exploited 25 % of the entire surface with possibilities of containing mineral deposits. The mining industry was the sector that attracted major foreign investment to Mexico in 2008 ″
02-12-2009 AltoNivel
Mexico - mining Sector to the rise
After the crisis the mining in Mexico thinks about how to re-arise with new projects that strengthen his industry. Mexico is the second biggest silver producer in the world as information delivered by the National Institute of Statistics and Geography (INEGI). A potential that he cannot waste. The annual value of his production reaches 10 thousand 489 million dollars, what corresponds to 1.4 % of the Internal Product Gross (GDP) of the country, generating in turn 291 thousand direct work places and more than one million and a half of indirect form.
The Mining Chamber of Mexico (Camimex), in his projection for the next months, assured: "The unknown now is the future in short and medium term that will have the price of the metals and the waiting time so that the programs of investment and of economic stimuli implemented by a big number of countries begin generating results.”
Where are the opportunities?
The projections for the next years speak about an investment that would come to 7 thousand 250 million dollars, between 2009 and 2012, according to INEGI information:
1. The Arch
The project, property of Group Mexico, is provided with a measured resource of 105.000 golden ounces.
2. Ixhuatán
Linear Gold Corp, in society with Kinross Gold, is provided with a measured resource of 1.200.000 of golden ounces.
3. Juanicipio
The project that is born of a society between Fresnillo Plc and Mag Silver destined for Zacatecas tries to produce approximately 2,95 million tons between which 879 are counted g/t of silver, 2,22 g/t of gold.
4. Hill Jumil
A whole of 23,2 million tons with 0,85 g/t of gold might contemplate the project of the company Hope Silver Corporation.
5. San Jose
Fortune Silver Mine tries to take this year a decision on the construction of his silver project and gold “San Jose“ in the Oaxaca state. Of be approving, the company tries to begin the construction in 2010 and give beginning to the production the following year. “San Jose“ has 1,47 million tons with 263 g/t of silver and 2,19 g/t of gold in stated resources.
02-12-2009 chronicler
Mexico - Mini guide to get into the world of the gold
For the specialists, a possibility, and the most ancient, it is to acquire the gold in ingots or coins (the Mexicans and the South Africans are the most well-known although also there exists the “Argentinian of gold”, an emission that began in 1880) that is to say, the “physical assets”. This operation can be done in banks or exchange offices and traditionally it turns out to be an attractive alternative. Nevertheless it is necessary to bear in mind the cost of the operation because in some cases, it can mean up to 8 % of the investment due to the spread that they are had between the price of buy and the price of sale.
30-11-2009
Mexico - Agnico Eagle starts the gold-mine High Pines in Chihuahua
The corporate Canadian Agnico Eagle Mines Limited started in Chihuahua the most important and modern mining operation of the country for the golden securing, named High Pines, in the municipality of Ocampo. The operation outlines Chihuahua like the first golden producer during 2010, since in addition to this new operation, the closing of the mine of Canaanian in Sonorous - the principal auriferous producer in the country - will allow to the entity chihuahuense to surpass in the sector. The mining complex was constituted by an investment of $ 240 million dollars and a capacity of prosecution of 4,000 daily tons of the called precious metals in his underground and opencast operations. The company will generate approximately 800 direct work places and more than indirect 2,200 and it has reservations proved mineral of 41.8 million tons with contents of 2.6 grams of gold by every abstracted ton. This allows a whole of 4 million golden ounces during the life of the project. The benefit plant has an installed aptitude to produce 5.91 tons of gold in average per year.
30-11-2009 BizNews
- Chihuahua Surpasses Mexico in golden production
The Chihuahua state registers a growth in the golden production of 1,352 % between the year 2003 and 2008, while in the country the increase was 127,5 %. The mining industry registers investments for more than $ 15,000 million dollars from 2004 to 2009, with which it generated 12 new companies in production and approximately 40 in exploration with more than 6,550 direct work places and indirect 33,000. The mining industry belonged to the few ones that brought growth despite the crisis, since one hopes that it should close the present year with 16 more % with regard to 2008. During the present year investments were generated by $ 1,112 million dollars in the starter of 5 big mining projects. The Treasury Department liberated 3,750 authorizations for the development of 1 million 641,326 hectares, 40 % of the state territory. The Chihuahua state has reservations proved by more than 20 million golden ounces, what it locates to the entity with a big potential in the national environment.
27-11-2009 BCNNE
Mexican gold, Canadian ticket
Carat to carat, the Canadian investments in Mexican mines of gold keep on growing. This time, Goldgroup Resources acquired of another Canadian (NGEx Resources) the project known as Soft Horse. It is a question of an authorization of approximately 15,000 hectares in Veracruz rich in gold and in copper. Goldgroup paid 15 million dollars for the authorization and it has promised investments for approximately 100 mdd next 5 years.
27-11-2009 Camimex
Mexico - the investments will Keep on coming
According to the Mining Chamber of Mexico (Camimex), the investment in expansion and projects of exploration in the sector of the mining would fall down this year 25,3 % opposite to the previous year, to come to 2,730 million dollars. Nevertheless, one hopes that Mexico should receive 500 million dollars in exploration, being located in the 4th world place.
26-11-2009 the Economist
Mexico - The mine-layer First Majestic opens golden plant
The Canadian company First Majestic inaugurated a plant of golden prosecution and silver in the municipality of Ocampo, Coahuila, in which he invested 280 millions in weight. The investment in this project, called The Pleased one, it joins 200 million dollars that the company paid out in Mexico in the last 5 years. With the starting of this plant, which has a production capacity of 3.500 daily tons, the mine foresees to raise his operation efficiency and to increase his sales 40 % for 2010.
25-11-2009 VoltaireNet
Mexico - Gold, silver and Mexican minerals preserve the hegemony estadunidense
Mountains of ground that leak arsenic to the soil of the communities, pressures so that the ejidatarios sell at price bajísimo his grounds to the transnational mine-layers and a massive extraction without parallel illustrate the form in which the United States and ancient metropolis Europeans stock up with the strategic, critical and essential, necessary minerals to support his hegemony. The government of Mexico grants authorizations of very long term, which at the end of his validity leave like heredity devastated grounds, contamination and social problems between the communities.
18-11-2009 CNNE
Mexico - Agnico invests 240 million dollars in mine
Agnico opened the complex in Chihuahua and it glides to generate 4 million golden ounces; the mine High Pines, which were inaugurated on Wednesday with an investment for 240 million dollars, will generate approximately 500 direct work places and indirect 1,500. The mine installed in the municipality of Ocampo, Chihuahua, will have a capacity of prosecution of 4.000 daily tons in his two operations: underground and opencast. In turn, one hopes that it should generate approximately 500 direct work places and indirect 1,500. It has “reservations proved mineral of 41,8 million tons with contents of gold and silver in the following proportions: 2,6 grams of gold and 72,6 grams of silver per every abstracted ton, for a whole of 4 million golden ounces during the life of the project”. The Treasury Department added that the golden production in Chihuahua has registered a growth in his production of 1,352 % between the year 2003 to 2008, while at national level this increase was 127,5 %.
17-11-2009 OEM
Mexico - Goldcorp will buy mine-layer Canplats - will expand the project Peñasquito
Golden mine-layer will buy the Canadian company Goldcorp in Canplats Resources Corp for 238 million Canadian dollars, for the purpose of expanding his actions that comprise the project Peñasquito in the municipality of Mazapil. The Goldcorp target is to acquire all the actions of Canplats, then to proceed to obtain the benefit that promises a considerable increase in golden ounces principally. It is necessary to remember that the Canadian company Canplats informed that it had found reservations proved by more than 3.210.000 golden ounces.
12-11-2009 CNNE
Mexico multiplies golden production in 2010
The signature Stockhouse, a Canadian signature of financial consultancy, indicated that Mexico increased his golden production in the last decade. Mexico directs to turn quickly into a producing golden potency on having multiplied his production in the last years, at the time that the traditional producing nations of this mineral go to the fall in his extraction. The estimations of the golden production of Mexico foresee that 2010 will be an exceptional year with another important increase in the production of up to 54 % with regard to the numbers of 2008. Miner - metallurgist of Mexico represented the gold in 2008 16 % of the entire value.
11-10-2009 CNNE
Fighter Gold looks for projects in Mexico
The Canadian mine-layer announced his interest in two projects of golden exploration in Chihuahua; the works belong to Exmin Resources, which accumulate approximately 48,224 hectares.
07-10-2009 the Century
Mexico - Investment of the mining sector falls down 26 % in 2009
The investment of the mining sector in Mexico for projects of expansion and exploration in 2009 will be 2.700 million dollars (mdd), number that represents a descent of 26 % compared to 3.656 mdd with those that it closed last year, and in 2010 the number might fall down moreover to 1.700 mdd. The plans of the gold-mine Peñasquito, property of Goldcorp, go in line with the due thing so that it initiates production in 2010. It is contemplated that in his first year it produces 150.000 golden ounces, but in 5 years it might generate 500.000 annual ounces.
28-09-2009 the Universal one
Mexico - to Acquire gold and silver, frees of the tax
Law of the Contribution for the Combat to the Poverty. Legislative proposal sent by the Presidency of the Republic to the Lower House. Initiative also exempt activities of the financial system. The tax of 2 % to the consumption of goods and services under the argument of having major resources to fight the poverty exempts activities of the financial system and luxuries as the acquisition of gold and silver. Also, it establishes that the buying and selling of the soil will not be burdened by the new tax, action that he will benefit to housing developers. According to the initiative of the Executive power, the buying and selling of dollars, euros and any foreign currency will not be appraised by 2 %. To the ounces acquisition troy, the credit qualifications and documents for not charging either the tax of 2 % will be applied to them. Equal situation will happen with the sale to the biggest of gold and silver, with the argument that that way the tax evasion would be avoided. The golden ingots are exempted any time his minimal content of this material is 99 % and his alienation is carried out in sales retail.
21-09-2009 the Sun
Mexico - Durango - Canadian Businessman they will invest 100 million dollars
In an arduous work tour, the governor Ismael Hernández Deras met in Vancouver the presidents of the principal Canadian mining companies, who have stood out on a global scale for his growth in the sector. During the tour the holder of the executive specified commitments of new projects of different companies that will develop in the next months. The new investments will amount to more than 100 million dollars, derived principally from the successful conclusion of his stages of exploration and study, to go on to the stages of production and development.
21-09-2009 OEM
Mexico - Mine-layer Pains is a 2nd golden producer
The extraction of the Mining company Pain amounted to 220 thousand daily tons of material of the mine outdoors, what has provoked that his golden production was increasing 65 % during the 2nd trimester of 2009; as well as paving the way to consolidate in a few years the underground production. The second phase of the development has been reached, on having come to a layer different from the subsoil and that needs to modify the process. It has provoked the above mentioned low in the production that gradually they will be becoming stable up to keeping on exploiting 18 thousand daily tons of gold or silver, as they have come doing it from months behind. Of emphasizing that the Mining Chamber of Mexico thinks that the golden production will grow significantly for ends of the present year, thanks to the fact that big part of the projects of exploration was directed to this metal, thinking that Minefinders will produce 128,000 golden ounces in this region.
14-09-2009 BNAmericas
Mexico - Minefinders finds 360.722oz of gold in The Stock Exchange
Minefinders has informed that the first resources estimation for his Mexican property The Stock Exchange threw 360.722oz of gold in the categories of measured and stated. The resources are contained in 15,9Mt of mineral with 0,71g/t of gold using a law of court of 0,25g/t of gold. With the same court law, the stated resources climb to 2,84Mt with 0,52g/t of gold, ó 47.436oz of gold. The calculations are based on the results of 165 drills. More perforations are realized in the project and it is believed that the prepracticality study will be ready in order year.
08-09-2009 CNNE
Mexico - Citron gains important contract in mining industry
The company with head office in Colorado realized the sale of three rights to Capstone Mining; part of the payment for the benefit in Zacatecas is an advance for 1 million dollars.
07-09-2009 universal
200 Canadian mining signatures evaluate 400 places in Mexico
This year despite the recession, it is anticipated that the investment will walk in 2 thousand 700 million dollars, bigger than that of 2007, although much underneath of the record number of more than 3 me 600 million dollars of 2008. Of the whole new investment in the mining, at least the half is foreign and of this percentage 70 % comes from Canada and 14 % of EU. The mining potential of Mexico is enormous, since it is anticipated that only 30 % of the national territory has been explored and that in two third remaining parts there are big possibilities of extracting enormous wealths.
20-08-2009 economist
Mexico - They Foresee strong fall of the GDP
Of there are fulfilled the projections of which the Internal Product Gross (GDP) of Mexico might fall down between 10 and 11 % in the second trimester of the year, it would be the most affected second country, after Russia, which registered a fall per year of 10,9 % in the above mentioned period. Also, this might be the strongest contraction of the economic activity of Mexico for the second trimester, as consulted analysts foresee. This will be a result of the blow that represents the global financial crisis, principally to the industrial sector, since the Mexican manufactures have been the most punished, for it tied that are to the sector self-propelled of the United States.
28-10-2009/31-10-2009 Expo Minería Mexico
Mexico - XXVIII International Convention of Mining
Organized by the Association of Mining engineers, Metalurgistas and Geologists of Mexico in World Trade Center, Mouth of the Rio, Veracruz, Mexico. Opportunity to know the advances that have the mining companies and the mining projects and processes metalworkers.
08-08-2009 MineFinders
Mexico - Minefinders shoots 65 % the golden production in the 2nd trimester 2009
The Canadian mine-layer Minefinders has informed that his golden production increased 65 % during the second trimester of 2009, due to the activity of his mine Pains, in Chihuahua, Mexico. The Canadian informed that his golden production was 23,366 ounces during the second trimester. The increase is compared to the results of the first trimester of this year, clarified Minefinders. Located in the state of Chihuahua, in the north of Mexico, and considered one of the most valuable mines as for golden extraction potential.
05-08-2009 the Day
Mexico - Goldcorp breaks agreement with common land in Zacatecas Peñasquito
Peasants of the common land of Cedars announced that they will realize a new blockade of the principal accesses of Peñasquito, the biggest gold-mine of America, produced by the Canadian Goldcorp, in the north of the entity. The ejidatarios argue that the mining company has broken the last agreement that was signed to pay a monthly revenue to the proprietors of the grounds for his development.
21-07-2009 the Century
Mexico - They Go for the highest production of gold of the history
The golden national production will bring this year about 70 tons, the most important number of last century and in the next 3 years Mexico might appear in the list of the five most producing countries of golden metal, they estimated both the Mining Chamber of Mexico (Camimex) and the Treasury Department. 70 tons of gold that are estimated for the closing of 2009 represent a growth of 41.1 %.
19-07-2009 the Day
Mexico - The Canadian presence of mine-layers has not benefited the communities
The mining Law of 1993, which substituted that of 1961, opened the door of the mining sector for the foreign capital that previously there were areas reserved to the national investment and eliminated the demand of which this one was collaborating with Mexican investment in a proportion of 49-51 % respectively. Despite the economic crisis, the employment in the mining sector has had an important growth. In accordance with reports of the Treasury Department () of 224 companies with direct foreign investment in the mining-metallurgical branch 175 have capital of Canadian origin, one of the highest concentrations of external investors in an industrial production branch. Only for the development of gold and silver, the Canadian companies placed in Mexico obtained gross utilities for 593 million dollars only in 2008, according to unofficial estimations.
17-07-2009 the Day
Mexico - More than 70 % of mining projects in the country is of Canadian signatures
The mining companies of Canada, possess more than 70 % of the projects of exploration, development and production of precious metals as gold and silver of the whole of the companies with foreign capital that operate in Mexico, as there reveal reports of the Treasury Department (). In other countries the authorizations are late in be delivering up to 10 years and in Mexico 8 months. The presence of these companies in Mexico owes to the relaxation of the law of foreign investment.
12-07-2009 the Sun of Zacatecas
Mexico - Repuntará golden production in Zacatecas with Peñasquito
When the mining company Peñasquito, property of the Canadian Gold Corp, is in his full production posicionará in the first place in golden production in the country. Although the production of the mine-layer has not initiated his operations formally only from May until December, 2008 it produced 20 thousand golden ounces. Zacatecas obtained in 2008 a production of thousand 742 kilos of gold.
02-07-2009 USA
Mexico - golden Production will grow 41,1 % during this year, moment of big sheen
In 2009, the golden production in Mexico will give the most important jumping of last century, when it comes to 70,000 kilos, a rise of 41.1 % opposite to last year, according to projections of the Mining Chamber of Mexico and the Treasury Department.
25-06-2009 the Universal one
Mexico - Load of 12 tons of gold disappears in Sinaloa
Three civil ones and a general moved back from the Army, who were transporting a load of 12 tons of golden concentrate of a mine, are as missing persons for one week. According to the investigations they set off of Sew, with in the direction of Turret, Coahuila, on board of two units, one of them, with 12 tons of golden concentrate. Three civil ones, together with the military element and the load that has an estimated value for 100 thousand dollars, disappeared in a point of the mountain area, between the municipality of Concord and the been neighbor of Durango.
25-06-2009 Reuters
Mine-layer Grupo México raises offer for Asarco to 3,100 million dollars
The mine-layer Grupo México raised his offer to recover the control of his American subsidiary gorge Asarco for 3,100 million dollars in cash and a loan. In a document presenting on Tuesday before a court of the United States, Group Mexico raised his offer in cash to 1,460 million dollars, from 1,300 previous ones, and also a loan increased to 280 million dollars, from 250 previous ones, to extract Asarco of the bankruptcy.
14-06-2009 newspaper Mountain-dweller
Mexico recovers potential to the heat of the United States
With a view to the short term, the experts recommend to approach this market carefully. Amedio or long term, the experts believe that Mexico has very much potentially. With a view to a next future, the expectations anticipate that Mexico will go out before the recession that many other economies, even that the Europeans.
26-05-2009 citron
Mexico - Citron gains important contract in mining industry
Citron Minerals Processing, Inc. has announced that, across M3 Engineering and Technology, a contract has been awarded to give the systems of process monitoring SONARtrac for the project Peñasquito. This project covers approximately 39.000 hectares and Concepción del Oro is located to 27 km to the west of the District and in the part North-East of the State of Zacatecas, Mexico. The study of current practicality considered the operation of a battery of auxiliary lixiviación that initiated his works during the second trimester of 2008, followed by the operation of the grinding in 2009 with 50.000 tons per day and a 130.000 tons ramp-up per day, estimated for the year 2010. It is projected that the annual production during the life of the mine (approximately approximately 19 years) divides equally approximately 500.000 golden ounces, 31 million silver ounces and more than 400 million pounds sterling of zinc.
19-05-2009 Camimex
Mexico - Camimex brings major golden production
The Mining Chamber of Mexico (Camimex) informs that the golden production in Mexico has grown 13,6 % the previous year on having been located in 49,6 tons, opposite to the total reached in 2007. With these the result Mexico reached a historical maximum in the national production of the gold, which waiting to increase to 70 tons in 2009. Mexico occupies the tenth third world position in golden production, nevertheless the organism predicted that this activity will keep on growing in the country during the next years up to 48 %, with which it can be placed between 5 principal producing countries of this metal. The Camimex pointed out that the new mining discoveries in the country, as well as the exploration projects, are related to the golden extraction. The Mexican states of Sonorous (northwest), Chihuahua (north) and Durango (north) contributed 71 % of the national mining production. The mine “Peñasquito“, of the company Goldcorp Mexico, will start his second phase in which there will take place 12,4 tons of gold, equivalent to 25 % of the national entire production.
30-04-2009 Exterior company
Mexico - The Canadian mine-layer Gold Silver proposes link plan with the Autonomous University of Zacatecas
The Canadian mining company Gold Silver proposed to the Autonomous University of Zacatecas (UAZ) to initiate negotiations to allow that professionals gone away from the careers of Engineerings and Earth sciences of this institution to be able to be hired by the company. Of coming to an agreement, Gold Silver would absorb, in accordance with his needs, professionals like miners, geologists, metalurgistas, electricians and environmentalists.
23-04-2009 Reuters
Mexico - golden Production will grow 41 % in 2009
The golden production in Mexico would grow 41 % in 2009, to 70,000 kilograms, he said on Thursday the Mining Chamber. The production of gold and silver would increase as the Canadian Goldcorp begins to produce in his property of Peñasquito, he stood out. Once it is completely operative, Peñasquito will be the biggest opencast mine of Mexico, with proven and probable reservations of gold of 17.4 million ounces.
Also: They sign ejidatarios of Zacatecas I match with the mine-layer Goldcorp
13-04-2009 newspaper
Mexico - 2 mines will Start operations in Ocampo and Chínipas
The new mines that will start in the next months the development of gold and silver, are Agnico Eagle who constructs the project High Pines located in the municipality of Ocampo and Coeur d'Alene who constructs the project Palmarejo placed in the municipality of Chinipas.
08-04-2009 Barrick
Mexico looks that Barrick invests to produce more gold
Mexico tries to attract Barrick Gold Corp., the biggest world golden producer, so that he collaborates in the exploration of two thirds of the surface of the country that might lodge deposits of the metal without exploiting.
03-04-2009 day
Mexico - Goldcorp accepts the increase of the annual revenue in Warrior
The Canadian signature Goldcorp will pay every year the equivalent to 2.5 golden ounces for hectare; the ejidatarios were asking for 3.5. Only in the deposit of The Knife-edges the production will increase 15 % this year. The clear profit of the company will amount to 156 million dollars due to the increase of this metal and of the dollar.
25-03-2009 the Sun of Zacatecas
Mexico - The mining … living tradition in Zacatecas
According to information of the National Institute of Statistics, Geography and Computer science (INEGI), the Zacatecas state produces 1424.9 kilograms of gold.
20-02-2009 the Century
Mexico - Fair weather in mining duranguense
Juan Rogelio Aguayo Hernández, holder of the Trusteeship of Mining Promotion (Fifomi), declared that at present the mining Durango industry lives through positive times, due to the increase in the quotation of the metals that are extracted. He added that they do not have closings mines records not of massive dismissals.
14-01-2009 Fresnillo
Mexico - Fresnillo - Baja the golden production
The mining company Fresnillo Plc informed that the entire golden production diminished 5,9 % last year with regard to 2007, while the quarterly production increased 4,2 % compared to the same previous period, due to the best recovery and to the biggest mineral deposited in Horseshoe, between others. For 2009, Fresnillo hopes that the golden production should be supported in levels similar to those of 2008.
02-01-2009 Fresnillo
Mexico - Fresnillo initiates non-optional program for actions buy
Fresnillo Plc, the second biggest golden producer in Mexico, initiates a non-optional program to buy ordinary shares in his representation during the period of closing that goes from January 2 until February 23, 2009, the program will be directed by J.P. Morgan Cazenove Limited.
15-12-2008 Fresnillo PLC
Mexico - Fresnillo and Newmont buy deposit I pray Good Night
Fresnillo Plc has bought the auriferous project Good Night, a deposit located in the northerner been Mexican of Sonorous, to the Canadian Seabridge Gold Inc for 25 million dollars in cash to Seabridge. “The price paid to Seabridge was 25 million dollars in cash at the end of the negotiation and 5 million additional dollars are payable to the beginning of the commercial production of Good Night”. Additionally, the emprendimiento will pay a clear privilege of 1,5 % of smelting on the whole production that is bandaged at a price for 800 dollars by golden ounce or over this one, it detailed Fresnillo. Good night it has stated resources of 600.000 golden ounces and one glides to realize additional exploration works in the area.
17-11-2008 millenium
Mexico - This is a crisis without precedent for the mining
Interview with Fernando Alanís Ortega, general manager of Industries Peñoles, who points out that the economic crisis has affected negatively many sectors, joining the drastic fall in the price of the metals, motivating this way the brake of investments and a decrease in his budget for the exercise 2009.
31-10-2008 INEGI
Mexico - Increase of the extraction of the gold between January and August, 2008
But the National Institute of Statistics and Geography (INEGI) of Mexico communicates that the golden production reduced one (-) 10,3 % on having obtained 3,609 kilograms in last August with regard to equal month of 2007. For federative entity, in August, 2008 the biggest Golden production was obtained in Sonorous, that there contributed 27,7 % of the whole of the nation; Chihuahua, 26,4 % and Durango, 14,9 %. They continued Guanajuato, Warrior, the State of Mexico, Querétaro, San Luis Potosí, Sinaloa, Zacatecas and other entities that 31 % produced in joint form.
23-10-2008 Peñoles
Mexico - clear Utility of Industries Peñoles raises 18,1 % 3er trim
The Mexican mine-layer Industries Peñoles brought on Wednesday a rise of 18.1 % in his clear utility of the third trimester, opposite to the same space of last year, helped by the rise in the prices of some metals and chemicals. Peñoles said that his clear utility was 901,2 millions in weight (approximately 82,3 million dollars). The rise in the clear utility during the period July - September was much minor than the increase of 420 % registered in the second trimester. The utility before interests, taxes, depreciation and amortization, or EBITDA, raised 36.3 %, to 2,470 millions in weight. The clear sales had a rise of 11.5 % in the third trimester, to 12,497 millions in weight, said the company in a bulletin. This year, Peñoles split the operations of his daughter company Fresnillo, producer of precious metals, which actions quote in the bag of London. Peñoles, whose target centers now on basic metals, said that he kept on exploring projects of lead, zinc and copper in Mexico, Peru and Chile.
01-10-2008 PrecioOro
Mexico - Mine-layer Fresnillo will produce up to 300000 golden ounces in 2009
The Mexican mine-layer Fresnillo Ltd, the biggest producer of silver refined in the world, said Wednesday that continued with his aggressive expansion plans, although other companies of the sector are enduring the financial crisis in the United States.
08-04-2008 the Sun of Durango
Mexico - The Durango gold
Carlos Romo Ramírez, undersecretary of Mining of the Secretariat of Economic Development of the state government (SEDECO), says that Durango occupied the second place in golden production in the whole Mexican Republic, only behind Sonorous and overcoming Chihuahua, nevertheless he admitted that of the taxes that there generate eight producing companies of the gold in its entirety they are assined to the State property while to the entity he has not left not only one hundredth.
(also in The Century of Turret and The Century Durango)
12-03-2008 PrecioOro
Mexico - prompt Goldcorp will produce gold in Peñasquito
The Canadian mine-layer Goldcorp Inc hopes to begin to produce gold in his Mexican mine Peñasquito in the next two months, before the due thing, he said on Wednesday the daughter company of the company in Mexico.
More news about Mexico in Petroleum Mexico.
