Mexico Extracts Mining Funds

Oct 1, 2008

Mexico is employing some innovative local financing solutions to maintain competitiveness in the mining sector. A new PE fund is also on the drawing board.

by James Crombie

Mexico’s chief mining coordinator bounds across an expansive corner office with views of the potholed, overcast and partially excavated western hills of Mexico City, rolling up shirt sleeves having swiftly removed jacket and cufflinks.
“We are fighting against time – the time for mines is right now,” Norberto Roque, Mexico’s general coordinator of mining, tells LatinFinance in an exclusive interview. “Prices are at a very good level.”

Behind Roque, topping a pile of baseball caps on a burdened corner stand is a white hard hat and Roque seems ready to don protective clothing, jump down a mine and start digging. An elegant bright orange tie alludes to the fact, with its miniature miner’s hat, pick, and shovel motifs.

Mexico was ranked best in the world in The Fraser Institute’s latest annual survey of mining companies, which polled approximately 372 exploration, development, and other mining-related companies around the...

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