Economic Variable Car

The economic variables for the mining industry in Mexico

Production

The value of mineral production in 2010 was of 14,862 mdlls, obtaining a growth of 69% compared to 2009 (8,800 mdlls). The exploitation and the mining of metals represented the 2% of the GDP, while the expanded mining (without considering oil) represented 4.6%. The estimation is that the mining sector in Mexico will grow at a 2% annual rate through 2014, this growth will depend highly on the production of copper by Grupo Mexico, the capturing of FDI´s and the metal prices performance.

The production of metals is divided by state as follows Sonora 23%, Zacatecas 23%, Chihuahua 14%, Coahuila 11%, San Luis Potosi 6% and Durango 6%. While the metals production is divided into gold 21%, silver 20%, cooper 14%, zinc 8%, sand 5%, gravel 4%, iron 4% and the rest represent 24%. The mining production in Mexico is divided by 60% of domestic companies and 40% from foreign companies.

By june 2011, this sector registered 305,800 jobs.

International Trade

In 2010 the metallurgical trade had a growth of 53% (15,610 mdlls) over 2009. These increase represents a 56% in the trade balance surplus of 7,689 mdlls compared to 2009:

Foreign Direct Investment

The present administration has been able to attract 11,986 mdlls in the mining sector from FDI´s, representing a 132% increment compared to the previous administration (5,159 mdlls). As well the investment in the mining sector increased by 16% to 3,316 mdlls, by march there were 286 mining companies registered in Mexico with foreign capital. These companies have 757 projects of which 615 are in the area of exploration. The mayor FDI comes from Canada, having investment in 210 out of the 286 companies in the mining sector.

Companies bet on Mexico

In 2010,was