Mining
Frisco suspends Coronel work due to "illegal act"
Reuters - Mexico's Minera Frisco, owned by billionaire Carlos Slim, said on Monday production at its gold and silver mine El Coronel was suspended due to an "illegal act" by a small group of workers. No further details were provided.
www.reuters.com/article/2013/06/03/mexico-frisco-idUSL1N0EF0EV20130603
Mining companies predict jump in production
BNAmericas - Projects that will greatly increase Mexico's mining output of copper, silver and gold were outlined by officials from some of the country's leading miners, including Grupo Mexico, Fresnillo, Coeur Mining and Chesapeake Gold.
Canadian embassy secretly aided mining company
Toronto Star - Secret data suggests the Canadian embassy provided “active and unquestioning support” to a Canadian mining company before, during and after it became embroiled in controversy over the murder of a Chiapas activist.
Grupo Mexico aims for world's biggest copper producer
Reuters - Mexican miner Grupo Mexico will produce 850,000 tons of copper this year, the company's chief financial officer Daniel Muniz said. Increased production will allow the company to likely become "the second-biggest copper producer in the world" by 2015.
www.reuters.com/article/2013/03/21/mexico-grupomexico-idUSL1N0CDC6O20130321
Mercator considering selling stake in Mexico project
Bloomberg - Mercator Minerals, which mines copper in Arizona, is considering options including the sale of a minority stake of about 25 percent in its El Pilar project in Mexico to a partner that would help fund the mine’s development.
www.bloomberg.com/news/2013-03-05/mercator-considers-selling-stake-in-mexico-copper-project-1-.html
Exeter signs agreements on two Mexico properties
Marketwire - Exeter Resource Corp. has entered into two option and joint venture agreements with Canadian company, San Marco Resources Inc., for the exploration of the Angeles and La Buena gold-silver properties located in Mexico.
Tarsis acquires gold properties from Almaden
Marketwire - Tarsis Resources Ltd. has signed a Letter of Intent with Almaden Minerals to acquire a 100 percent interest in four gold/silver properties located in Nayarit and Jalisco and two gold properties in Nevada.
Zetas enter coal mining to boost profits
Public Radio International - Mexico's drug cartel, the Zetas, have joined the coal mining business to increase their profits outside of their lucrative drug trading business. Legal and illegal coal mining practices in the region have mining advocates concerned.
Mexico might renew search for miners' bodies
LAT - Mexico's new government is considering relaunching an abandoned rescue effort to reach the bodies of 63 miners in a coal mine in northern Mexico since 2006, one of the worst mining disasters in the country's history.
Vane Minerals 4th Q profit rises 74 percent
StockMarketWire - Vane Minerals said its fourth-quarter revenues rose 74 percent to $2.4 million, and gave an update on its gold and silver operations operated by subsidiary Minerales Vane in Mexico.
www.stockmarketwire.com/article/4541375/Vane-Minerals-updates-on-its-Mexico-operations.html
