Mexico identifies mining investment projects for close to US $ 8 billion
The Mexican government has identified potential mining investment projects for an estimated US $ 8 billion, coming from different countries that have shown interest in the country. The attraction of mining capital comes from countries such as Canada, the United States, Peru, Colombia, and Australia, among others.
Among the areas with the greatest potential are in the south-southeast of Mexico, specifically the states of Oaxaca, Guerrero, and Morelos, among others. Before making the investments, it will be necessary to carry out the work of convincing the surrounding populations. The work will focus on making projects in a responsible, safe, with workers, communities, inclusive, which can be a factor of change in favor of participatory development.
The Ministry of Economy reports that the mining-metallurgical sector in Mexico contributes 4% of the national Gross Domestic Product. While in the world the country is the largest producer of silver; it is among the top 10 producers of 16 different minerals: silver, bismuth, fluorite, celestite, wollastonite, cadmium, molybdenum, lead, zinc, diatomite, salt, barite, graphite, gypsum, gold, and copper.
It is the first investment destination in mining exploration in Latin America and the fourth in the world, according to the report published by SNL Metals & Mining 2015.
The incoming government has projects identified above that reported in 2018, when there were investments of US $ 4 billion 550 million, although they are promising, they will materialize as the exploration and production stages progress.
So once given the conditions, one can see greater potential in Oaxaca, Guerrero, and Morelos, with products such as silver, gold, and copper, because this area (south southeast) is very rich in mining.