MINING IN MEXICO — PROJECT ROUNDUP — Large credit facility

The largest mining group in Mexico signed a US$400-million, 6-year credit facility earlier this year to refinance existing short- and medium-term debt.

Metal Bulletin reports that Grupo Industrial Minera Mexico signed with a group of international banks led by ING Bank of The Netherlands. Securing the loan are the export proceeds of sales of copper, zinc, lead, gold and silver of two principal operating subsidiaries, combined with a hedging program.