Mexico increased its copper production by 42%

Mexico in January 2011 compared with January 2010 increased its copper production by 42% to 26.891 tonnes. This is evidenced by the statistics, reports Bloomberg. In turn, the release of silver in a given period has increased by 16% and reached 268.612 kg. Gold Production in Mexico increased by 25% to $ 5.614 kg. As is known, the largest copper mine in Mexico is Cananea, which is owned by that mining giant Grupo Mexico. First it was reported that Brazil's Votorantim Metais is interested in acquiring 30% stake in the asset. The sum of a possible transaction valued at $ 220 million previously reported that Grupo Mexico in April will lead to the production of Cananea copper mine at full capacity. Before that it was expected that the corporation will lead to the production of Cananea copper mine at full capacity by February 2011. It was assumed that for a given time on the site will produce up to 180 thousand tons of copper a year. Grupo Mexico is considered one of the biggest Mexican producers of copper and zinc. Ministry of Industry