Disir
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Mining was heavily disrupted last year as a result of Covid-19, with most mines and projects suspended for a number of months, before resuming activity under strict health guidelines.
As a result, overall investment took a significant hit in 2020. According to estimates from the Mining Chamber of Mexico (Cámara Minera de México, Camimex), sector-wide investment fell by around 50% relative to pre-virus estimates, dropping from $5bn to $2.5bn.
However, the industry is set for a rebound this year, with a number of companies announcing increased investment in projects across the country.
A prime example of this trend is U.S.-headquartered company, Southern Copper. Having seen its expected investment in Mexican and Peruvian mines fall from $1.1bn to $650m in 2020, the firm has a capital expenditure budget of $1.4bn for this year, rising to $2.9bn in 2024.
oilprice.com
I wonder when that will start back up as Mexico still has some ongoing issues.
As a result, overall investment took a significant hit in 2020. According to estimates from the Mining Chamber of Mexico (Cámara Minera de México, Camimex), sector-wide investment fell by around 50% relative to pre-virus estimates, dropping from $5bn to $2.5bn.
However, the industry is set for a rebound this year, with a number of companies announcing increased investment in projects across the country.
A prime example of this trend is U.S.-headquartered company, Southern Copper. Having seen its expected investment in Mexican and Peruvian mines fall from $1.1bn to $650m in 2020, the firm has a capital expenditure budget of $1.4bn for this year, rising to $2.9bn in 2024.
Is Mexico’s Road To Recovery Paved In Precious Metals? | OilPrice.com
Mexico is set to see a series of new investments in gold and silver mining projects in 2021, which are expected to be key drivers of economic recovery from the coronavirus pandemic
oilprice.com
I wonder when that will start back up as Mexico still has some ongoing issues.
