CANCUN, Mexico Grupo
Mexico SAB de CV is turning its sights to molybdenum, not to
diversify its product base further but because it makes sound
commercial sense, executive president Xavier Garcia de Quevedo
The company already produces
molybdenum as a by-product at several of its mines, but will
now target a 35-percent increase in the next couple of
"When you have metal like
molybdenum, you know you really have to recover it; its
something in the past that we didnt do, but we will going
forward," Garcia de Quevedo said.
At Buenavista, the company is
building a new 2,000-tonne-per-year molybdenum circuit that
will be ready in the second quarter, he said, adding that the
companys La Caridad Mine is already the biggest producer
of by-product molybdenum in the world.
Grupo Mexico is targeting
molybdenum output of 10,000 tonnes per year in an expansion
project that will also boost copper output to 155,000
The company is also considering
investing in a new zinc refinery in northern Mexico that would
have a capacity of around 100,000 tonnes per year, Garcia de
"Were in the
pre-feasibility stage of the project, and this will be
completed in 2013," he added.
Grupo Mexico also is in the
process of moving earth to develop a large zinc-copper ore body
in the open-pit section of its Cananea Mine in Sonora, Garcia
de Quevedo said.
The Mexico City-based company is
currently doing the engineering work for a concentrator at the
site, with a goal of producing 57,000 tonnes of zinc by the end
It is building a new
concentrator at a polymetallic mine in Central Mexico, which
was closed in 1993, but will be reopening in 28 months, he told
AMM. The site will produce zinc, copper and
Grupo Mexico is also developing
the Chalchuites deposit, which mainly contains zinc.
These projects, along with other
mine reopenings, will lift the companys zinc production
to 140,000 tonnes per year in the next five years, Garcia de
Quevedo said, up from 100,000 tonnes currently.