Mexican output keeps pace

The value of Mexico’s mining output (at current prices) was slightly higher in 1992 than in 1991.

Mexico continues to produce more silver than any other country and last year ranked among the top 10 producers of 19 additional minerals. The national Mining Chamber, which recently convened its 51st general assembly, reported a mining trade surplus of US$507 million for 1992.

Despite continuing poor metals markets (precious metals being the exception), officials believe that, at the rate of current investments, Mexico can meet its commitment to invest US$2.1 billion over five years.

The country is now into the third year of this commitment, with US$1.2 billion having been spent.

Beneficiaries have been projects which are nearing production, such as the Cienega, Tizapa and San Martin mines. Investments have been made to expand units already in operation, including Tayoltita, Charcas, Cananea and Caridad. Work continues on several developing projects.

Mines Minister E.L. Thalmann reported that 1.3 million hectares with mining potential have been divested, bringing to 9.6 million hectares the amount of such land divested by the current administration. He said 75% of such property controlled by the government prior to 1988 has been divested. Chamber President H.G. Olvera, in his address to delegates, stressed the importance of concerted action for environmental management. — Submitted by the Mexican Investment Board, Mexico City.