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Resources Newsletter
Página 15
Inversiones extranjeras
Pese al enfriamiento económico mundial en los primeros meses del año, el cual generalmente tiende a frenar las inversiones foráneas en los diversos sectores económicos, en la minería se ha visto lo contrario, ya que las inversiones sumaron 147.2 millones de dólares en enero-marzo de 2013, revirtiendo la salida de 118.4 millones de dólares en igual periodo de un año previo, esto de acuerdo con cifras de la Secretaría de Economía. Del total de Inversión Extranjera Directa realizada en el primer trimestre, un monto de 116.9 millones de dólares se orientó a la minería de minerales metálicos y 30.3 millones se canalizó al sector de servicios relacionados con la minería. La proyección de inversiones para este año--previa a la actual etapa de volatilidad-- por parte de las autoridades para la minería fue de 8,000 millones de dólares. Asimismo, las empresas mineras consideran que las inversiones en el sexenio podrían ascender a 26,000 millones de dólares.———————————————————
Mining affected by volatility in metal prices Text taken from El Financiero.
The lower external demand, volatility in international prices of metals, as well as lower domestic economic growth are factors that have come together to contract production in 10 of the 12 major metals and minerals produced in Mexico.
In the period from January to April this year, the index of physical volume of mining production fell 2.7 %, this negative trend is contrary to the growth of 4.2 % in the same period of 2012, this according to figures from the National Institute Statistics and Geography( INEGI).
The 10 products in which they reported a reduction in annual production during the referred period, were: the cast with a fall of 17.8 % per year, a decrease of sulfur 14.5 % zinc with a reduction of 11.5 % gold with 7.7 %, lead with 7.6, in non-coking coal was 2.3 % less production and 1.5 % in the coke, in copper showed a 0.8 % drop in silver and the decline was 0.6 % per year.
Only the production of iron pellets and fluorite showed growth in production volume, with 4.2 and 4.9 %, respectively.
In Precious Metals falls were observed in the main producing states, in Sonora, the low was 2.4 $, 2.8 % in Chihuahua, in Zacatecas and Durango 11.9 % decline was 9.6 % per year to April this year.
As for silver production fell 21.6 % this year to April this year in Zacatecas, Chihuahua fell 12.7 % and 3.3 % in Sonora, while it increased 2.8 % in Durango.
Trade surplus falls 33.7 %
The fall in production was a result of lower external demand and falling international prices, as exports minerometalúrgicas showed a 17.1 % reduction in value on average in the period January-April 2013 compared to the same period in 2012, going from $ 5.921 million to $ 4.906 million in that period, according to figures from the Bank of Mexico.
After a decline of 2.2 % in exports in January-December minerometalúrgicas 2012, the fall in exports has worsened this year due to high volatility in the prices of metals, such as gold, which currently shows its lowest in three years to trading on at least an ounce 1,80.7 and a maximum of $ 1.212, this by June 28 this year, which is equivalent to a crash near 27 % so far this year.
Silver, meanwhile, has a price 37.5 % lower than the year before, according to the New York market, and copper shows a decrease of 15 %.