$MONK- Increasing Mineral Exploration Propels Mexican Mining Industry
According to a report from Ken Research, Mexico has enormous geological potential for mining. The ores rich in minerals are majorly found in the mountain chains all across Mexico; which includes the Sierra Madre Oriental, the Sierra Madre Occidental and the Sierra Madre Del Sur.
The major states Mexican states that produce key minerals such as gold, silver, zinc and copper are Sonora, Zacatecas, Coahuila and Chihuahua. The mining law and regulatory framework has attracted more foreign investors to invest in the mining sector of the country.
Mexico has rich reserves for minerals such as gold, silver, zinc and copper. Mining plays a principal socio-economic role in Mexico. The mining industry in Mexico at various stages from exploration to production has generated a considerable number of jobs and income for the country over the years.
The mining industry was the fourth largest income source of the country after automotive, electronics and oil industries in 2012. “A total of 803 projects in the mining sector at different stages; exploration, production, suspension and development existed in 2011.
These projects have received foreign investment from 288 companies, out of which mostly are Canadian companies”- According to the research report ‘Mexico Mining Market Outlook to 2017’ by Ken Research.
The mining market of Mexico has been largely dominated by the minerals such as copper, gold, silver, zinc and molybdenum. The mining law and regulatory framework is anticipated to attract more foreign investors to invest in the mining sector of the country in the coming years.
The report provides detailed overview on the mining industry in Mexico and helps reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years.
The report will aid industry consultants and mining companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.
