peñoles mining mexico

Peñoles, a subsidiary company owned by Grupo BAL, is the second largest Mexican mining company, the top Mexican producer of gold, zinc and lead and a world leader in silver production.

The Reuters article added that the company indicated that it will attempt to relocate workers to other mining units.

Coeur Mining has, meanwhile, installed and integrated the Vigilante AQS and MaestroLink software into its Mexican mines. MEXICO CITY – Mexican miner Industrias Peñoles said on Saturday that it will suspend operations of a zinc mine in central Mexico indefinitely due to difficult mining conditions and low metal prices.Peñoles said in a statement that it has begun laying off unionized workers in the unit, although it did not specify the number. This includes the Palmarejo silver-gold complex. Difficult mining conditions “together with the abrupt drop in the price of zinc and the high cost of operation make this mining unit no longer feasible for the Peñoles said its Francisco I. Madero mine, in Zacatecas state, began operations in 2001.

Peñoles is part of Grupo BAL, a private and diversified organization composed of independent Mexican companies. Reuters reported that Mexican miner Industrias Peñoles “will suspend operations of its Francisco I. Madero zinc unit in Zacatecas indefinitely due to difficult mining conditions and low metal prices.”. The data used in this article was sourced from:  

Mexican miner Industrias Peñoles said on Saturday that it will suspend operations of a zinc mine in central Mexico indefinitely due to difficult mining conditions and low metal prices.

It has been in operation since 2001, with an installed capacity of 2.7 million tons per year of ground mineral.

that Mexican miner Industrias Peñoles “will suspend operations of its Francisco I. Madero zinc unit in Zacatecas indefinitely due to difficult mining conditions and low metal prices.”Peñoles said it has started dismissing unionized workers at Francisco I. Madero, without specifying the number.

de C.V. Industrias Peñoles is a mining group with integrated operations for the smelting and refining of non-ferrous metals and the production of …

The Company's activities are divided into four business segments: Precious metals, Base metals, Metallurgical and Others.

The suspension of operations will not affect Peñoles’ production of fine zinc.Reuters quoted the following company’s statement to the Mexican Stock Exchange, which explains the reasons that led to its decision: “The low grade of ore that has been present for several months, its hardness and the depth of the mineral bodies, added to the abrupt drop in the price of zinc and the high operating cost, make this mining unit no longer affordable for the company.” that Francisco I. Madero is one of the largest zinc mines in Mexico and is equipped with its own concentrator plant. The Precious metals division is responsible for the extraction and processing of silver and gold concentrates. Peñoles said in a statement that it has begun laying off unionized workers in the unit, although it did not specify Nevertheless, during the last month, zinc has risen from US$1,908/ton on April 15 to US$1,949/ton on May 15, hitting a peak of US$2,018/ton on May 12. recovery of zinc metal prices to continue.

In 2019, it ground and processed 2.3 million tons of ore and produced 41,541 tons of zinc and 8,905 tons of lead.Reporting by Adriana Barrera; Editing by David GregorioThe promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.México Minero is a non-governmental organization that promotes sustainable mining.The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.Learn about the current situation of the mining industry as well as the activities carried out by Camimex.

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