CAMIMEX presents figures on the Mexican Mining Industry

CAMIMEX’s president, Fernando Alaniz, presented figures from the Mexican Mining industry on  the AIMMGM’s conference held in Hermosillo from October 24th to October 26th. The Mining Fund collected from mineral royalties in Mexico, supplied in 2017 $4,206 million pesos (about US$ 220 M), accruing more than $12,000 million pesos (over US$631 M) on the last four years. In 2017 alone, $28,806 million pesos (US$1,516 M) were paid on income tax, and an additional $4,726 million pesos (US$248.7 M) were invested by mining companies in the communities and environment where they are located. The payment of mining duties on mining concessions in 2017 was $2,525 million pesos (US$132.9 M). The total of Mining duties, mining fund and Income Tax for 2017 add up to $35,537 million pesos (US$ 1,870 M).

IMG_7114 - copia

The average salary of a miner is 3.4 to 5.0 times the official minimum salary, not including the 10% payment on yearly profit by the employer (PTU).

In the last 12 years the direct investment on the Mexican mining sector has been US $51,445 M, but investment in exploration has decreased 63% from 2012 to 2016. In the attractiveness index for investment Mexico has gone from the 11th place in 2011 to the 44th place in 2018, with land access, rule of law, security, new taxes and a heavy increase on mining duties blamed for the fall in ranking. At the same time our direct competitors for investment in the mining industry Peru passed from the 39th to the 19th position, and Chile from the 6th to the 8th position.

IMG_7125 - copia

According to Alanis, the main causes for the fall in competitiveness include over regulation and red tape, uncertainty in the determination of environmentally protected areas and a distorted image of the industry before communities and society.

IMG_7125 - copia

Points addressed by Alanis to make of Mexico a mining country include improvements in security, a better infrastructure (railways, ports), certainty on land rights, a common ground with other mining countries in fiscal terms, administrative efficiency in the application and issuing of mining concession titles and certainty and transparency in the timely granting of permits.


Odyssey Marine Exploration Provides Update on Mexican Phosphate Project

Odyssey Marine Exploration_19102018

TAMPA, Fla., Oct. 19, 2018 (GLOBE NEWSWIRE) — Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, received notification late Thursday afternoon that SEMARNAT repeated their refusal to issue an environmental permit for the phosphate deposit controlled by Exploraciones Oceánicas, S. de R.L. de C.V. (ExO) , in direct contravention of the Order of the Federal Administrative Court. ExO is a controlled subsidiary of Odyssey.


Inaugura GoldCorp clínica rural en Mazapil; es ‘ejemplo nacional’

Inaugura GoldCorp clínica rural

Con una inversión superior a los 40 millones de pesos, directivos de Minera Peñasquito inauguraron este jueves la Unidad Médica Regional de la comunidad de Cedros, municipio de Mazapil, Zacatecas, que será atendida por personal de IMSS-Prospera.

Es la clínica rural mejor equipada no sólo en el estado, sino en todo el país, aseguró el director de Sustentabilidad de la minera, Peter Hughes; además contará con personal médico que atenderá las 24 horas para beneficio de más de 2.300 habitantes de sus alrededores.

Fieldwork Commences on the San Luis del Cordero Silver-Copper-Zinc Project in Durango, Mexico


Vancouver, BC — Orex Minerals Inc. — (TSXV: REX — OTCQX: ORMNF) (“Orex”), is pleased to announce that fieldwork has commenced on the San Luis del Cordero Project in Durango, Mexico. This project is a skarn and epithermal vein hosted silver-copper-zinc district, located 155 kilometres northeast of the City of Durango in the Mesa Central of northcentral Mexico.

Presenta AMLO a los próximos subsecretarios en economía

El presidente electo Andrés Manuel López Obrador anunció que apoyarán a Graciela Márquez como titular de la Secretaría de Economía, Luz María de la Mora, al frente de la Subsecretaría de Comercio Exterior; Francisco Quiroga, a cargo de la Subsecretaría de Minería y Ernesto Acevedo Fernández ocupará la Subsecretaría de Industria y Comercio.

El presidente electo de México, Andrés Manuel López Obrador, presentó a quienes ocuparán las principales subsecretarías de la Secretaría de Economía (SE).

Anunció que apoyarán a Graciela Márquez como titular de esa dependencia, Luz María de la Mora, al frente de la Subsecretaría de Comercio Exterior, y Francisco Quiroga, en la de Minería, mientras que Ernesto Acevedo Fernández ocupará la Subsecretaría de Industria y Comercio.

En conferencia de prensa, López Obrador hizo hincapié en los tres programas prioritarios que emprenderá la SE en la próxima administración: la zona libre de la frontera, el apoyo a comunidades mineras y el programa de créditos para pequeñas y medianas empresas en zonas de alta y muy alta marginación.

….Respecto al apoyo a comunidades mineras, dijo que el fondo minero que se encuentra en la Secretaría de Desarrollo Agrario, Territorial y Urbano (Sedatu) pasará a Economía, para que desde la subsecretaría correspondiente y con la participación de estados y municipios se realicen obras de mitigación, con el acuerdo de los habitantes de estas regiones que se ubican en 24 entidades del país.

….Recalcó también la atención a las comunidades donde se lleva a cabo la extracción de minerales, en donde se causan daños y no se dejan beneficios.


It’s All at Stake: AMLO and Mining

It_s All at Stake_ AMLO and Mining _

The day about which the industry has been speculating for at least a year has come and now miners know the answer to the billion-dollar question: who will be shaping the industry’s future for the next six years? AMLO won a landslide victory with 53.5 percent of the vote, effectively ending the PAN-PRI presidential duopoly. But not all answers are immediately clear for the mining industry. What is the outlook for mining under the new President and most importantly, what is the industry asking for?

Keep reading to find out!

Argonaut Gold Provides Update for its La Colorada Mine


Toronto, Ontario – (June 5, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that the Judiciary court hearing with respect to the Company’s explosives permit for its La Colorada mine (see press releases dated April 12, 2018, April 17, 2018, April 27, 2018 and May 17, 2018) has been postponed and is awaiting imminent court scheduling.

Pan American Silver Provides Update on the Dolores Mine

Pan American Silver Provides Update on the Dolores Mine

VANCOUVERJune 4, 2018 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (the “Company”) today announces that the security situation on the access roads to the Dolores mine has improved following increased patrol and enforcement by the Mexican authorities. As a result, road transport of diesel fuel, cement and other supplies to the mine has now resumed. The Company will increase the use of its private, secured airstrip to transport people to and from the mine site until the situation normalizes.

Pan American Silver Reduces Certain Activities at the Dolores Mine

2018_05_29_NR_Dolores security

Vancouver, B.C. – May 28, 2018 – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American Silver”, or the “Company”) today announces that it has initiated steps to reduce certain activities at its Dolores mine in Mexico following recent security incidents along the access roads being used to transport personnel and materials to and from the Dolores mine. The Company is working with state and federal authorities to provide safe access to the mine. The mine site remains secure. Ore stacking to the leach pads and the processing plant are currently operating at normal rates.