Mining sector overcome attraction investment in 2014

inversión minería

Mexico City, October 13, 2014.- The mining sector in Mexico has increased its potential and capacity of foreign investment this year, according to figures released by the Ministry of Economy, foreign mining companies invested $ 854 million during the first half of 2014, slightly more than double that recorded in the same period last year.

This upward trend in the industry has regained Canada, who during the first half of this year has invested $ 300 million in mining project in the country.

Carlos Espinosa, director of business development for the Toronto Stock Exchange said in an interview with El Financiero that this figure is double what was spent in 2013 by the North American country, because in that period were obtained $ 150 million in Canadian capital for mineral extraction in Mexico.

For his part, President Enrique Peña Nieto, said that the increase in investment in the mining sector in Mexico was a result of efforts to convince international trade by the government.

He noted that an active policy in these events was necessary to encourage investment l Jan country since a downward trend in the prices of minerals in the country was shown.

Currently, Mexico is among the top 10 producers of 16 different minerals, besides being the first destination in exploration investment in Latin America and fourth in the world according to the report released by Metals Economics Group in March 2013.

Mexican Business Web

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