Login to Digital Content
User:
Pass:
 
Last News
  • ASUR’s operations flow up 3.7%
  • NL forecasts record investments at Interpuerto
  • Industrial park to be built at Corregidora
  • Mega-investment in infrastructure to be made in Sonora
  • Tetra Pak to invest US$110 million to their plant in Querétaro
  • Inter MG to invest on new Honda terminal in Celaya
  • FEMSA slows down investment pace
  • New plans for MCIA landing
  • Visteon signs lease with Intermex in Chihuahua
  • ASA obtains concession for airport in Puebla
  • Guanajuato Inland Port planning in-bond facilities for air cargo
  • Automotive investment flowing in Queretaro
  • SCT announces investments in Sinaloa for US$375.7 million
  • Construction of maquiladora plants reactivated at Ciudad Juarez
  • Campus for training on aeronautics inaugurated
  • Suppliers park to be built in Tlaxcala
  • Mega-investment may be attracted to NL
  • Zacatecas receives investments for US$134 million
  • Mars reaffirms its investment in Guanajuato
  • Mexico, in Mercedes- Benz’s crosshairs
  • Investment by Fresnillo up 12% this year

    Mexico.- The Mexican mining company Fresnillo, largest primary silver producer in the world, will increase their investments 12% this year over 2011, mainly to give greater impulse to exploration projects. Jaime Lomelin, CEO, informed last Thursday that from the total amount, around US$800 million, US$360 million will be allocated to exploring deposits in Mexico and Peru; around US$150 will be spent in maintenance and the rest will go to new projects. Lomelin said that the investment will be financed with resources obtained from the Company’s operation. After participating in an event in Monterrey, Mr. Lomelin confirmed to the media the Company’s goal to produce 41 million ounces of silver and around 400,000 ounces of gold this year, in spite of volatility in precious metals prices.
    Source: T21 | Date: 04/06/2012