With an ongoing development in mining technologies and ever more Foreign Direct Investment (FDI) working in the country, the Mexican mining sector is the fourth largest source of GDP.
Mining sector in Mexico
With an ongoing development in mining technologies and ever more Foreign Direct Investment
(FDI) working in the country, the Mexican mining sector is the fourth largest source of GDP
accounting for US$15.4 billion.
Mexico is a top 10 world producer for silver (world 1st), fluorite, gold, bismuth, celestite,
sodium sulphate, wollastonite, lead, molybdenum, diatomite, cadmium, graphite, baryte, salt,
gypsum, manganese and zinc. Aluminium
Currently, Mexico has a US$7.8 billion surplus in the mining trade balance, and an estimated
US$7.65 million is being invested in 2012. It is expected that by the end of 2012, investment in
Mexican mining will have reached US$21 billion in only five years.
According to Behre Dolbear, the country is also ranked 5th in lowest risks for mining. FDI
worldwide has Mexico 4th for free market conditions and 6th for political support in investment.
By the end of 2011, Mexico hosted 320 national and international companies, working on 763
projects throughout the territory.
Mexico ranks fourth worldwide in attracting investments in the mining sector. A stable political
environment, trained and skilled workforce and sound regulatory structure combined with
Mexico’s location adjacent to the US have attracted more than 200 foreign companies.
Main local market players include:
1. Grupo México
3. Grupo Ferrominero - Autlán
5. Minas de Bacis
6. Materias Primas
8. Las Encinas
9. Grupo Acerero del Norte
Main foreign players include:
1. Pan American Silver (Canada)
2. New Gold (Canada)
3. Farallon Resources (Canada)
4. Agnico Eagle (Canada)
5. Kings Minerals (Canada)
6. Frontera Copper (Canada)
7. Arcelor Mittal (India)
8. Minco PLC (UK)
9. Teck Cominco (Canada)
10. Alamos Gold (Canada)
11. Gammon Lake (Canada)
12. Constellation (US)
13. Hecla Mining (US)
14. Silver Eagle (Canada)
15. Goldcorp (Canada)
According to FIFOMI (Mexican Mining Development Trust) only 30% of the national deposits
have been explored. There still remain 70% of the deposits to be developed.
Mexico has a strong mining base, balanced environmental policies and well tested mineral tenure
laws. In addition, a reasonable infrastructure is in place including a trained/skilled workforce.
According to the 2009 edition of “Ranking of countries for Mining Investment” Mexico occupies
the fifth place worldwide for low risk mining investment after Canada, Australia, Chile and
Industry Forecaster, BMI expects the Mexican mining industry to grow at an annual average rate
of 3.2% between 2008-2012, lagging a little behind the economy as a whole, which is projected
to grow by 3.6%. By 2012 mining GDP will exceed US$45billion. Mexico is a country with a
rich mining history and is listed amongst the world’s largest metal producers. Mexico also has
major mineral exploration. Although best known for its production of silver, (over 10 billion
ounces have been produced to date,) the country also mines significant quantities of copper,
gold, lead and zinc.
Mexico has 11 giant deposits of silver, three of copper, two of molybdenum, five of zinc, one of
lead, one of manganese and one of fluorite. These deposits place Mexico inside the 10% of the
biggest deposits of its kind in the world.
As a result of new federal programmes in place, all sustainability projects related to mining are
becoming increasingly interesting to national companies. These include among others:
ξ Alternative ways for energy generation.
ξ Environmental impact studies.
ξ Human community impact studies.
ξ Low carbon projects.
ξ Water management.
ξ Environmental audits and certifications.
ξ Gas emission and residual management.
Also, a high percentage of heavy industry mining equipment is procured from abroad. Main
opportunities for mining equipment manufacturers inlcude:
ξ Robotics and excavators.
ξ Digitalisation and satellites.
ξ Biotech / Bioleaching processes
ξ Safety for coal mines.
ξ Alternative reactive for gold production processes.
ξ Truck and excavator simulators.
ξ Steam generation obtained from production processes.
Latest export opportunities – Mining
Latest export opportunities - Mexico
Getting into the market
Almost all procurement is done privately and through agents in this sector. Culturally, Mexico
has a personal-relationship orientation. UK companies are advised to visit the market and
establish good contact with key executives inside their potential customers to increase their
probability of success in doing business.
In general, the cost-quality relation is determinant in bid decisions. As in most markets,
flexibility customer service, adherence to schedules and specifications and long-term
commitment are the key to winning customers.
More about doing business in Mexico
Market intelligence is critical when doing business overseas, and UKTI can provide bespoke
market research and support during overseas visits though our chargeable Overseas Market
Introduction Service (OMIS).
To commission research or for general advice about the market, get in touch with our specialists
in country - or contact your local international trade team.
ξ Carlos Botello, British Embassy Mexico. Tel: +52 (81) 8356 5359 or email:
ξ Diana Ramos , British Embassy Mexico. Tel: +52 (81) 8356 5359 or email:
Contact your local international trade team
UKTI runs a range of events for exporters, including seminars in the UK, trade missions to
overseas markets and support for attendance at overseas trade shows.
Latest events – Mining
MINE expo International
September 24-26, 2012
X Seminario Minero – SONORA
October 23-26, 2012
International Iron Mining Convention – GUERRERO
November 7-10, 2012
Mexican Forum for the Medium/ Small Mining Companies- DURANGO
November 15-16, 2012
More about OMIS and other UKTI services for exporters