Luiz Camargo, director of the company at the country level, highlighted that the complex generates “shared value, through efficient production”. The mine generates around 600 million pesos annual economic benefits.
According to the latest figures from the Mining Chamber of Mexico, the value of national mining-metallurgical production reached, in 2021, an amount of 334,782 million pesoswhich meant an increase in 19%
In 2018, the national territory concessioned for mining operations was 10.64%, a figure that by 2022 dropped to 8.59%according to figures from the Ministry of Economy.
Likewise, since the beginning of the current administration, no new concession has been granted, which has turned on the alerts in the companies of the sector in making expenses of explorationin order to find new deposits for exploitation.
Enrique Zorrilla, president of the Canadian Chamber of Commerce in Mexico, believes that 35% of the capital invested by that country go to the mining sector.
“The nature of mining activities will force companies to continue allocating capital in exploration expenses. It forces them to be consistently investing and investing”, he asserts.