The investments of Minera Mexico, a subsidiary of Grupo Mexico, projected for 2025 total 600 million dollars.
This subsidiary is mainly engaged in the extraction and processing of copper, molybdenum, zinc, silver, gold and lead in Mexico.
Minera Mexico controls the most important Mexican mining operators, which are:
- Mexcobre (and its subsidiaries and the La Caridad complex).
- IMMSA (and its subsidiaries).
- Buenavista (formerly Mexcananea) (and its subsidiaries and the Cananea complex).
Investments of Minera Mexico
The investments of this subsidiary of Grupo Mexico in 2025 will be allocated to its open pit operations, metallurgical complexes and subway mines.
On the one hand, Minera México will allocate 300 million dollars to guarantee the viability of long-term operations, actively modernizing and updating assets.
The remaining US$300 million will be invested in water and tailings dam improvements to ensure safety and efficiency in our operations, as well as initiatives to drive optimization and growth.
Mines
Mexicana de Cobre operates La Caridad, an open-pit copper mine, a copper ore concentrator, a SX/EW plant, a smelter, refinery and a rod plant.
The La Caridad refinery has a precious metals plant that produces refined silver, gold and other materials.
Operadora de Minas e Instalaciones Mineras operates Buenavista, an open-pit copper mine located on the site of one of the world’s largest copper ore deposits, two copper concentrators and two operating SX/EW plants.
Finally, Industrial Minera Mexico operates five subway mines producing zinc, lead, copper, silver and gold, and a zinc refinery.
Copper production
Grupo Mexico maintains steady organic growth, focusing on cost leadership and operating with financial efficiency. Its investment program exceeds US$15 billion in Mexico and Peru.
This conglomerate employs 31,000 direct workers and more than 110,000 indirect workers. In addition, it is the fifth largest copper producer in the world, with the lowest cash cost, which in the first quarter of 2025 decreased 19.1% compared to the first quarter of 2024 and 15.1% compared to the fourth quarter of 2024.