Mining Sector

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Mining Sector

In recent years, the mining sector has been highly dynamic and is expected to continue to grow. From 2001 to 2004, for example, mining's participation in the GDP was 3.8%, and from 2007 to 2010, 4.5%. Other indicators also reflect the progress of this sector:

  1. From 2001 to 2006 investment was US$5.159 billion; from 2007 to 2012 a figure of US$21.201 billion is expected, an increase of around 310%.
  2. Internationally, Mexico occupies fourth place in world exploration with 6% of total exploration.
  3. The country's income from mining exceeds areas like international remittances and tourism.

To reach this level of mining development, several actions have been implemented to strengthen investment, competitiveness, legal certainty, geological information to agents and access to credit and capital.

Work will continue along these lines in the future and actions will be taken to benefit the environment, encourage social responsibility in companies of the sector and support the improvement of safety conditions at work.

Mining, therefore, is a strategic sector for the development of the national economy and Mexico is seen positively on the international market:

  1. Mexico occupies FIRST place in Latin America as the best investment destination for mining exploration and FOURTH place in the world. Metals Economics Group, marzo de 2011.
  2. Mexico occupies FIFTH place among countries with the best environment for mining investment behind Canada, Australia, Chile and Brazil. It should be noted that Mexico has positioned in the TOP FIVE since 2003. ..“Ranking of Countries for Mining Investment”, BEHRE DOLBEAR.
  3. Mexico is the FIRST largest SILVER producer in the world and has climbed three places in GOLD production, placing as the NINTH largest gold-producing country. Statistical Yearbook of Mexican Mining, 2011. 
  4. Mexico ranks among the top 12 positions for 16 minerals in the world, notably fluorite, celestite, lead, molybdenum, zinc, salt and copper. Statistical Yearbook of Mexican Mining 2011.