Despite the difficulties faced by mining in general, Mexico in 1991 was among the 11 top producers in the world’s mining and metallurgical industry in 19 minerals.
In 1991, the mining and metallurgical sector once again made a positive contribution to the country’s foreign trade balance. It posted a surplus of slightly more than US$666 million, stemming from exports of products with a value of US$1,245 million and imports with a value of US$579 million. Also, the increased flow of investment in the sector, which in the past two years totalled US$900 million, has spurred a new stage of growth as new mines have entered production — Maria and Sta. Gertrudis in the state of Sonora and Bismarck in the state of Chihuahua.
The production value of Mexico’s mining and metallurgical industries for 1991, according to data furnished by the Ministry of Energy, Mines and State Industry, totalled about 7.9 trillion pesos.
Precious metals accounted for 15% of the value with sales of 1.19 trillion pesos; the group of non-ferrous industrial metals accounted for 45% with a production value of 3.55 trillion pesos; the group of metals and minerals for the iron and steel industry accounted for 20% with sales amounting to 1.56 trillion pesos; and the group of non-metallic minerals accounted for 20% with sales of about 1.61 trillion pesos.
Development has been started on other projects, such as San Felipe in the state of Baja California; Tizapa in the state of Mexico; La Cienega, Mala Noche and Metates in the state of Durango; Mulatos and San Antonio de la Huerta in the state of Sonora; and Santa Fe in the state of Chiapas. — Submitted by the Mexican Investment Board, Mexico City.
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