The last annual report of the Mining Chamber of Mexico (Camimex) indicates that one of the great challenges of this industry is to meet the expectations and global needs of society in a responsible manner, where the use of clean energy stands out.
It stands out that, as it is the fourth industrial activity that consumes the most energy in the country, and since more than 50% of its costs come from energy, it is It is essential that prices remain competitive.. He adds that, since energy from hydroelectric plants will be scarce for the following years, the “only possibility” to reduce the risk of rising fuel prices is to resort to solar or wind energy.
In 2021, the sector invested 36.5 million dollars in clean energy, a figure that for this year will be will increase to 51.3 million dollarsaccording to their forecasts.
Julián Urióstegui, president of the Council of Industrial and Business Chambers of Guerrero, considers that the use of clean energy in the mining sector is “fundamental”, in addition to the fact that it is a global trend, where greater sustainability is being opted for in its operations.
At the same time, it stands out that since these are companies of Canadian origin and listed in other markets, such as Torex, which has its shares on the Toronto Stock Exchange, their commitments to the investing public are greater.
“The requirements are more demanding than here. There they ask them to be able to raise money on the stock market even greater ecological and energy conditions. The standard they have is high”, he responds to the request of Expansion.
Torex Gold, an intermediate gold producer, plans to sell 450,000 ounces of gold annually extracted from the entire Morelos Complex until 2027, when its processing plant will operate at full capacity. As of 2020, the mining company became the second largest gold producer in the country.
Meanwhile, Rodríguez highlights that the change in mining towards more transparent and environmentally conscious schemes is also due to the fact that “there is a more demanding and demanding society” in terms of environmental and regulatory compliance.