Mexican Mining Exploration Draws Least Investment in 2016

Published: Apr 17, 2017 13:57

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Mexican mining exploration industry only attracted $483 million of investment in 2016, a fall of 8.5% on a yearly basis, according to the Ministry of Commerce.

SHANGHAI, Apr. 17 (SMM) - Mexican mining exploration industry only attracted $483 million of investment in 2016, a fall of 8.5% on a yearly basis, according to the Ministry of Commerce.

Investment in the industry fell for the fourth straight year, which peaked at $1.092 billion in 2011.

Camimex reported the mining industry accounts for 3% of gross domestic product and 9.1% of domestic industry production value.

The country now has 1,158 mines under exploration.

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