Mexico Mining Report 2010

Report Description:iron ore, lead, silver and zinc, among other
Mexico's mining sector contracted, in line withminerals. It is the world's second largest producer
many other global mining industries, in 2009.of silver, after Peru. It is a significant supplier of
Production of key commodities dropped against airon and steel. Most of Mexico's natural resources
backdrop of falling demand. However, with thehave been extensively mapped and developed, so
worst of the global economic crisis widely believedthere are perhaps fewer new opportunities for
to be over, we believe the scene is set forminers than elsewhere in Latin America. The
steady growth for the Mexican mining sectorgovernment is broadly supportive towards foreign
over our newly extended forecast period to 2014.investment in the mining sector. However,
Mexico is a major mining economy, with abundantcorruption and instances of weak judicial decisions
resources of coal, copper, gold, iron ore, lead,have been commonplace in the past.
silver and zinc, among other minerals. The countryIndustry Forecast
also has a world-class steel industry. The MexicanAfter a difficult 2009, where we estimate that
mining sector has proved attractive to foreignthe value of the Mexican mining industry shrank
investment, notably from Canada and the US.by 6.8% year-on-year (y-o-y), we believe that
The industry benefits from political and financialthe scene is set for steady growth from the
stability, coupled to a sound regulatoryindustry over our newlyextended forecast period
framework. The head of the country's Chamberto 2014. We believe the sector can grow at an
of Mines (Camimex), Manuel Luevanos, is hopefulaverage rate of about 2% to 2014. Much will
that mining investment in Mexico should totaldepend on whether Grupo México can end the
US$13.1bn over 2010-2012.three-year stand-off that has seen production
New Datasuspended at its key Cananea mine. If the
For 2010 BMI has made significant changes to thedeadlock can be broken, then there may be a
way in which we forecast mining data. As well asfaster increase in copper output, as the company
using local statistics agencies and associations, wewill be able to implement long-delayed investment
also draw on the expertise of the UN's Industrialprogrammes.
Commodity Statistics Database, the US GeologicalExecutive Summary
Survey and the World Bureau of Metal StatisticsSWOT Analysis
for our historical export and production data. WeMexico Political SWOT
then forecast this data using our own proprietaryMexico Economic SWOT
econometric model. Human intervention plays aMexico Business Environment SWOT
necessary and desirable role in our miningGlobal Mining Outlook
forecasting; experience, expertise and knowledgeMexico Mining Report 2010 now Available on
of industry trends and developments ensure thatReportsandReports. ReportsandReports,
we can spot likely future changes and anomalouscomprising of an online library of 10,000 reports,
data that a purely mechanical model would not.in-depth market research studies of over 5000
Country Overviewmicro markets, and 25 industry specific websites.
Mexico is home to reserves of coal, copper, gold,