Mexico City, September 03, 2014.- During the first half of 2014, foreign direct investment (FDI) in mining doubled over the same period last year, according to the Ministry of Economy.
From January to June this year, FDI in the mining industry totaled $ 854 million, slightly more than double the same period in 2013, when it reached 408 million.
This increased investment is a result of advocacy in international fairs by the federal government.
“Between September 2013 and August 2014, the mining sector faced an international environment characterized by moderate demand a downward trend in mineral prices and increased operating costs. In this context, it was essential to carry out a policy of active participation in events of national and international level to encourage investment, “explained the president Enrique Peña Nieto in his second State of the Union.
Fernando Bolaños, an analyst at Monex, said companies are looking to streamline their operations to sell a greater volume of metal at the low prices.
In its 2014 report, Behre Dolbear signature branded Mexico with 46 points, a maximum of 70, in best conditions for investment in the mining sector, since registering 43 points in 2013.
The investment doubled despite earlier this year that new taxes from 8.5% to mining in 2014 were noted, which foreign firms expect a reduction in investment.
Mexican Business Web