Search results
Results from the WOW.Com Content Network
Mexico's President Claudia Sheinbaum has announced a review of a controversial bill to ban open-pit mining. Congress approved the bill in July after debating balancing environmental protection ...
MEXICO CITY (Reuters) - Mexican authorities will investigate an incident at a gold mine in the Pacific coastal state of Guerrero which killed three workers, President Claudia Sheinbaum said on Friday.
The Mexican Mining Chamber (Camimex) opposes the ban on open-pit mining, saying such a prohibition would cause a 1% contraction in the country's GDP and threaten some 200,000 jobs.
Cananea Copper Mine, Sonora, Mexico. Mining in Mexico represented 2.4% of the nation's gross domestic product in 2023 and employed 350,000 people in 2020. Mexico is the world's largest producer of silver and a globally significant producer of gold, copper and zinc. In 2020, Mexico produced the world's 12th largest volume of minerals by value.
The union undertook industrial action in March 2022, after unsuccessful requests for a wage rise. [4] Union members accused Excellon Resources subsidiary Servicios San Pedro of harassment. [ 5 ] At the time the company reported draining problems, challenges from the regulatory environment and global precious metal prices.
In 2022, the company announced plans to close the La Platsoa mine, [4] in the third quarter of the year, citing disputes with the worker's union and global metal prices. [6] In 2023, the company spent $50 million to purchase the La Negra silver mine in Querétaro, Mexico. The mine was previously owned by Dalu S.à r. l. [1]
The deposit that the mine is on has been used to mine gold, copper and platinum for decades, before being operated by Caracol Mining Company from 2003 until 2006 [5] to mine antimony and baryte. [6] Barite grinding mill. Caracol Mining Company sold their assets to Blackfire Exploration Mexico, [5] operated by brothers Brad and Brent Willis from ...
For premium support please call: 800-290-4726 more ways to reach us