Login to Digital Content
User:
Pass:
 
Last News
  • The Tecma Group of Companies’ entities gain certification for Mexican VAT tax exemption
  • Alfa will invest US$700 million in Altamira electric plant in 2015
  • Eosol Energy will increase investments
  • Mexico manufactures 85% of pieces for the aerospace sector
  • Rassini grows capacity by 40% at their Puebla plant
  • Condumex plant inaugurated in Guanajuato
  • Aeronautics lab inaugurated in Queretaro
  • GM buys US$14 billion from suppliers established in Mexico
  • Astronaut Hernandez suggests more aerospace investment in Mexico
  • Building three hydroelectric plants, among CFE’s plans
  • Prologis in analyzing new investments
  • The Governor of Jalisco is going to Asia for more investments
  • Aerospace will open an MRO workshop in Chihuahua City
  • Exports increased by up to 300% in Queretaro Intercontinental Airport
  • DHL Express expands Hub in Queretaro with US$14.5 million
  • Automotive sector provides impulse to 3M
  • The Governor of Queretaro heads the Mexican Manufacturing Association Meeting
  • Queretaro opens to Chinese investment
  • Investment will grow in the electric sector
  • Oil companies from Houston want to establish in Monterrey
  • 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