Wednesday, 22 May 2013

Mexico Mining Report 2013

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Mexico Mining Report 2013
May 22nd 2013, 00:00

BMI View: We expect Mexico''s mining sector to experience steady growth in the coming years as miningcompanies are attracted to large precious and base metals resources. We forecast the value of Mexico''smining sector to grow to US$16.0bn by 2017. The country will benefit from a stable business environmentand favourable mining regulations, though drug-related violence may pose a threat to junior miners.Copper production in Mexico will continue to be driven by Grupo Mexico''s three major mines -Buenavista, Cuajone, and Ray. Buenavista alone produced 200kt of copper in 2012, a 16% increase over2011. We expect junior and mid-tier miners will also seek to develop copper p...

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