Grupo Mexico profit down 19% on sliding metal prices
Mining and transport conglomerate Grupo Mexico on Friday reported that its net profit for the last three months of 2023 fell 19% from a year earlier to $757.4 million, dragged down by lower prices for key metals including copper.
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Mexico finds first remains of coal miners lost in 2022 accident
Mining News Pro - Mexican authorities have located remains from two of the 10 coal miners trapped and killed at the El Pinabete mine in the state of Coahuila in August 2022, the government said in a statement on Thursday.
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Grupo Mexico proposes work group to address Sonora river contamination
Mining News Pro - Mexican mining and transportation conglomerate Grupo Mexico sent a proposal to the interior ministry to establish a work group to address contamination of the Bacanuchi river in Mexico’s northern Sonora state, President Andres Manuel Lopez Obrador said on Wednesday.
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US-China tensions boost prospects for Mexico copper smelter plan
Mining News Pro - US-China tensions are boosting the prospects of a Mexican copper smelter project proposed by Southern Copper Corp.
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Mexico not able to cancel Ganfeng Lithium concessions
Mining News Pro - Mexico will not be able under the law to cancel concessions for China’s Ganfeng Lithium in the government’s bid to tighten control over its potentially lucrative lithium reserves, the president of Mexico’s mining chamber said on Wednesday.
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Strike at Mexico gold mine costs Newmont $3.7 million a day
Mining News Pro - The operator of Mexico’s largest gold mine says it is losing millions of dollars a day on a strike that has dragged on for months.
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The race to ditch Russian uranium starts in New Mexico’s desert
Mining News Pro - In a remote, dusty corner of New Mexico, so near to the Texas border that if you wander too close your smartphone changes time zones, sits a pristine factory that is the best chance for the US to wean itself off an addiction that few knew it had: uranium enriched in Russia.
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Newmont ‘reviewing’ Mexico investments as worker strike drags on
Mining News Pro - Newmont Corp., the world’s biggest gold miner, is reviewing its investments in Mexico with a workers’ strike at the country’s largest bullion mine now in its third month.
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Newmont ‘reviewing’ Mexico investments as worker strike drags on
Mining News Pro - Newmont Corp., the world’s biggest gold miner, is reviewing its investments in Mexico with a workers’ strike at the country’s largest bullion mine now in its third month.
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Mexican president pushes new labor minister to resolve Grupo Mexico conflict
Mining News Pro - Mexican President Andres Manuel Lopez Obrador on Thursday said he will ask incoming Labor Minister Marath Bolanos to meet with mining company Grupo Mexico and a top union leader to attempt to resolve labor disputes stretching back more than a decade.
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Canada concerned with Mexico’s proposed mining reforms
Mining News Pro - Canada’s Trade Minister Mary Ng expressed concern with Mexico’s proposed mining reforms in a call with Mexican Economy Minister Raquel Buenrostro on Tuesday, the trade ministry said in a statement on Wednesday.
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Mexico’s executive scrutinizes mining concessions in protected areas
Mining News Pro - About 7% of Mexico’s mining concessions are located within protected areas, a report presented by the federal government to the parliament shows.
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Advance Lithium in joint venture talks with Mexico’s national lithium company
Mining News Pro - Advance Lithium has entered into discussions with Mexico’s national lithium company, LitioMx, to form a joint venture. The goals of Advance Lithium and LitioMx are aligned, in that both want Mexico to become a lithium mining country as quickly as possible.
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Canada Latin America Mexico and Central America Copper
Mining News Pro - The government of British Columbia has fined Teck Coal Limited C$15.4 million ($11.5m) for exceeding pollution thresholds and failing to build an active water treatment facility on time at its Fording River Operations in southeastern BC.
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Mexico seeking accord with lithium firm in Sonora state
Mining News Pro - Mexican President Andres Manuel Lopez Obrador said on Tuesday his government wanted to reach agreement with a company over lithium mining in a northern state that will underline Mexico’s right to exploit the valuable mineral.
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Fortuna Silver stock tanks as Mexico challenges environmental approvals for San Jose mine
Mining News Pro - Fortuna Silver Mine stock fell 11% on Thursday after a decision to re-asses the extension of the San Jose mine Environmental Impact Authorization.
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Mexico to start producing lithium batteries in late 2023
Mining News Pro - President Andrés Manuel López Obrador announced last month a $2.5 billion plan to turn parts of the border region with the US into a clean energy hub, home to solar and wind plants as well as electric vehicle factories.
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Why Mexico's mining sector faces a gloomy future
Mining News Pro - In this interview, Flores talks about bureaucratic hurdles, the tax burden, and potential of the lithium market.
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Mexico creates state-run lithium company
Mining News Pro - Mexico, which nationalized lithium resources in April, has created a state-run company to mine the metal, President Andres Manuel Lopez Obrador said in a decree issued in the national gazette Tuesday afternoon.
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Mexico creates state-run lithium company, to go live within 6 months
Mining News Pro - Mexico, which nationalized lithium resources in April, has created a state-run company to mine the metal, President Andres Manuel Lopez Obrador said in a decree issued in the national gazette Tuesday afternoon.
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Osisko Development’s San Antonio gold project in Mexico hosts million-ounce resource
Mining News Pro - Osisko Development has released an initial open pit resource of a million ounces of gold for the Sapuchi, Golfo de Oro, California, High Life and Calvario deposits at its San Antonio project in Sonora state, Mexico.
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Silverton Metals to buy Margaritas gold-silver asset in Mexico
Mining News Pro - Canadian explorer Silverton Metals plans to buy the Margaritas gold-silver property in Durango, Mexico, from fellow junior Zapata Exploration.
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Excellon eyes new assets in Mexico ahead of Platosa closure
Mining News Pro - Precious metals miners Excellon Resources is looking for new assets in Mexico ahead of the planned closure of its Platosa mine, one of the country’s highest grade silver mines.
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Mexico seeks lithium association with Argentina, Bolivia and Chile
Mining News Pro - Mexico is working with governments of Argentina, Bolivia and Chile to create a lithium association so the countries can share their expertise to exploit the battery mineral, Mexican President Andres Manuel Lopez Obrador said on Tuesday.
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Business group blasts Mexico’s new lithium law as violating trade deal
Mining News Pro - A Mexican law that nationalizes its future lithium industry violates its trade obligations and could prove costly to the government if mining companies seek to recoup losses, the local branch of the International Chamber of Commerce said on Wednesday.
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