Saskatoon April 15, 2008
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Transcript of Saskatoon April 15, 2008
Saskatoon Saskatoon April 15, 2008April 15, 2008
Exploring MexicoExploring Mexico
North America’s New Hotspot For North America’s New Hotspot For
MiningMining
MEXICO The Best Investment Opportunity
North America Comparison area Km2
Canada: 9,984,670
Saskatchewan: 650,036
Mexico: 1,964,375
Sierra Madre Occidental: 289,000
Corridor Mexico Canada
Overview & Forecast in Overview & Forecast in Mexican Mining 2008Mexican Mining 2008
Index
Summary 20071
Forecast 20083
2 Mining National Program 2007 - 2012
1 Summary 2007
Investment
Investment increased at 2,156 mdd.
Employment increased 10 %.
From 481, 91 new projects began in 2007.
214 foreign companies have invested and worked in México.
“Peñasquito” and “El Boleo” mining projects, in development, represent investment for US 2,050 million with 3,600 direct employments.
A stronger support through the opening of the Mining Chapter at the México-Canada Chamber of Commerce (CAMCHAM) and the Canadian Embassy in México.
Of 24,900 total Concessions 10% were approved in 2007.
A modernization of the information technology systems has been implemented was put in place to keep ownership records digitally.
Concessions (“Mining Concessions/Claims”)
Around US 500 mdd were granted to the mining sector and it’s productive chain, which represents and increased of 25 % in comparison with 2006.
Re-start of 2 mining districts trough exploration programs of 300 thousand tons of mineral for small companies.
The long term credit increased in 55 % for the capitalization of the sector, reaching US 73.7 mdd.
The program of guarantees was launched to encourage the participation of not bank financial institutions.
The Suppliers Development Program channeled US 138.5 mdd.
Financial for General Mining Cordination GMC
The cartographic geological coverage has reached:
mining of 48,106 km ²
linear geophysical development of 220,506 km, 10 % higher than 2006
30 regions were defined:
5 for Au and Ag; 5 for Au, Ag and Cu; 16 for Au, Ag, Cu, Zn and Pb; 1 for W and 3 for U.
10 mining projects went through a bidding process and awarded to diverse companies.
Technical Consultancy was given to 65 mining projects.
Analysis of 6,039 samples of external requests.
Mexican Geological Survey
2 National Mining Program 2007 -2012
Institutional Structure
- Information- Support
- Finance- Technical Support- Training- Exploration Program
- Geological Information
- Geological Assistance
- LegalCertainly
(Mining PromotionDivision)
(GeologicalSurvey
of México)
(MiningDivision)
(MiningDevelopmentTrust)
Secretariat of Economy
General Mining Coordination
23 world class giants mineral deposits, especially of silver, copper and gold.4 world class super giants deposits of silver and copper.
Reserves
METALS
GIANTS DEPOSITS SUPER-GIANTS
GOLD
Cananea (sonora)El Arco (Baja California)Guanajuato (Guanajuato)San Dimas (Durango)Pachuca-Real del Monte (Hidalgo)La Herradura (Sonora)
SILVER
Cananea (Sonora)La Colorada, Sombrerete, San Nicolás y Fresnillo (Zac)Charcas (SLP)Naica, Santa Eulalia y Dolores (Chihuahua)Guancevi (Durango)Campo Morado (Guerrero)
San Dimas (Durango)Guanajuato (Gto)Pachuca-Real del Monte (Hgo)
COPPERMilpillas y La Caridad (Sonora)El Arco (Baja California) Cananea
(Sonora)
ZINCCharcas (SLP)Santa Eulalia (Chihuahua)San Nicolás (Zacatecas)
LEAD Naica (Chihuahua)
Source: SGM
The Government of the President Calderon will promote investments for at least US 14,693 millions of dollars.
Investment sexennial
$ 14,693 $ 14,693 mddmdd
Mining InvestmentMining Investment(millions usd)
Foreign
National
2,148
3,166 3,017
2,0811,702
1,484
Source: DGPM
3,500
3,000
2,500
2,000
1,500
1,000
500
2007 2008 2009 2010 2011 2012
Canadian projects in Mexico
GoldcorpGoldcorp Inc. Inc.GoldGoldLos Filos, Los Filos, GuerreroGuerreroUSD 307.3 USD 307.3 millionsmillions
Aur Resources Ltd.Aur Resources Ltd.CopperCopperLa Verde, MichoacánLa Verde, MichoacánUSD 260 USD 260 millionsmillions
Kimber Resources Kimber Resources Inc.Inc.Gold, silverGold, silverMonterde, ChihuahuaMonterde, ChihuahuaUSD 180 millionsUSD 180 millions
Baja Mining Corp.Baja Mining Corp.Copper, zinc, cobaltCopper, zinc, cobaltEl Boleo Baja California El Boleo Baja California Sur Sur USD 64.9 millionsUSD 64.9 millions
Zaruma ResourcesZaruma Resources Inc. Inc.Gold, silver, copperGold, silver, copperSan Antonio, Sonora San Antonio, Sonora USD 266.8 millionsUSD 266.8 millions
Pan American Silver Pan American Silver Corp.Corp.Gold , silverGold , silverÁlamo Dorado, Sonora Álamo Dorado, Sonora USD 130.8 USD 130.8 millionsmillions
War Eagle Mining War Eagle Mining Company Company Germanium, Galion, Germanium, Galion, lead, zinclead, zincTres Marías, ChihuaTres Marías, ChihuaUSD 22 millionsUSD 22 millions
Frontera Frontera CopperCopper Corp. Corp.CobaltCobaltPiedras Verdes Sonora Piedras Verdes Sonora USD 242.9 millionsUSD 242.9 millions
Scorpio Mining Corp.Scorpio Mining Corp.Gold, silver, copper, Gold, silver, copper, lead, zinclead, zincMina Candelaria, SinaloaMina Candelaria, SinaloaUSD 22.5 millionsUSD 22.5 millions
Palmarejo Silver and Palmarejo Silver and Gold Corp.Gold Corp.Gold, silverGold, silverPalmarejo, ChihuahuaPalmarejo, ChihuahuaUSD 124.6 millionsUSD 124.6 millions
Agnico-Eagle Mines Ltd.Agnico-Eagle Mines Ltd.Gold, silverGold, silverPinos Altos, ChihuahuaPinos Altos, Chihuahua USD 200 millionsUSD 200 millions
Teck-ComincoTeck-Cominco..Gold, silver, zinc, copperGold, silver, zinc, copperSan Nicolás, ZacatecasSan Nicolás, ZacatecasUSD 103.6 millionsUSD 103.6 millions
GoldcorpGoldcorp Inc. Inc.Germanium, Galion, lead, Germanium, Galion, lead, zinczincPeñasquito, Zacatecas Peñasquito, Zacatecas USD 187.5 millionsUSD 187.5 millions
Silver Eagle Mines.Silver Eagle Mines.Gold, silver, lead, zincGold, silver, lead, zincMiguel Auza , ZacatecasMiguel Auza , ZacatecasUSD 18 millionsUSD 18 millions
Farallon Resources Ltd.Farallon Resources Ltd.Gold, silver, lead, zincGold, silver, lead, zincCampo Morado, Gro.Campo Morado, Gro.USD 58 millionsUSD 58 millions
Minefinders Minefinders Corporation Ltd.Corporation Ltd.Gold, silverGold, silverDolores, ChihuahuaDolores, ChihuahuaUSD 450 millionsUSD 450 millions
Mining and Explotation Activity North of Mexico
Investment Promoting Division
Promoting Competitiveness in the area
Promoting investment in the mining sector both: local and foreign
Development of a portfolio of feasible projects for the promotion investment
Relationship with State Governments
Create an Information and Monitoring Strategic System
Mexican Geological Survey
Inventories of mineral resources
Exploration Program to support the small-scale mining.
Reserves certification
Mining-geological geochemestry and geophysics mapping
Geological-evaluative analysis
Modernization of geolological information service
Financial for General Mining Cordination
Strengthen the resurgence of mining districts
Increase financing support for GMC.
Creating a suppliers development program
Providing training and technical assistance for GMC.
3 Focus 2008
To increase investment to US 3,166 million, 32 % more than in 2007.
To keep the 1st. place in Latin America and 4th in the world as destination of investment in exploration.
To add 12 new projects of great impact.
To generate an assistance manual to help the negotiation process between companies and communities.
To attract investment based on 10 studies prepared by the GMC.
Investment
To reinforce and focus the generation of geologic & economical information for the attraction of investment.
To re-focus the activities of geologic, mining and metallurgical investigation to identify, to estimate and to inventory the mineral deposits of the country and to integrate a portfolio of 9 allocations.
To support the Program of small mining exploration in order to resurgence of mining Districts.
To generate a specializing group to certify mining reserves.
To promote 10 studies of regions that could contain mineral viable deposits.
Mexican Geological Survey
To finance US 550 million, to the mining sector and his productive chain, 10 % more than 2007.
To assist 6,950 companies in training, technical assistance and/or financing.
To resurgence of 4 mining districts.
To provide long term credits increasing 49 % for the capitalization of the sector and reaching US 110 millions.
To increase in 10% the participation of not bank institutions through the Program Guarantees.
To provide financial resources of US 260 millions trough the Suppliers Development Program.
Financial for GMC
Muchas gracias…Muchas gracias…
Saskatoon Saskatoon April 15, 2008April 15, 2008
Exploring MexicoExploring Mexico
North America’s New Hotspot For North America’s New Hotspot For
MiningMining