ARCHIVE

Mexico mining up in July, no thanks to coal

MINING and metals production in Mexico are on the rise, according to the country's statistics off...

Donna Schmidt

This article is 12 years old. Images might not display.

In translated data reviewed by MarketWatch, the Mexico National Statistics Institute (Inegi) found that overall production in mining and minerals was up 2.7% in July, its most recently released figures.

Silver and gold were among the top performers, with 5% and 1.4% respective year-on-year jumps.

Copper leapt 23% on 2011, while zinc increased 4%.

Unfortunately, according to Inegi, all of those gains were offset by an 11% decline in coal production to 1.09 million tons.

Joining coal on the list of the poorest sectors were lead, down 12%, and iron, down just over 5%.

Mexico has been battling safety concerns at its coal mines.

In August, the country’s government announced it suspended work at 32 operations, some permanently, following the deaths of 13 workers in less than a month earlier this year.

Labor and Social Welfare Secretary Rosalinda Velez announced the immediate closure of the group of smaller operations during a press conference in mid-August.

Though the specific operations were not named, officials said they were operated by Binsa and located in the northern Mexico state of Coahuila.

Fourteen mines were closed permanently and the remaining 18 were issued temporary suspensions.

According to an EFE report, more than 1000 inspections have been completed since March 2009 – 282 of them this year.

The shutdowns, said Economy Secretary Bruno Ferrari at the time, were at the request of the nation’s labor and social welfare secretariat and stemmed from mines’ non-compliance with safety mandates.

About 95% of Mexico’s coal comes from the Coahuila state.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets