Torex Gold, Goldcorp and Fresnillo are some of the companies that are planning investments in Mexico for approximately U.S.$2.4 billion for gold projects. As a result of these investments, the mines of “Dolores de Pan American Silver”, “San Agustin de Argonaut Gold” and “La Yaki de Alamos Gold” will be expanded between 2017 and 2020.
The international oil consortium between U.S.-based Talos Energy, Mexico-based Sierra Oil & Gas and U.K.-based Premier Oil announced the fifth largest discovery anywhere in the world in the last five years in the shallow waters of the Gulf of Mexico, which contains an estimated 1.4 to 2 billion barrels of light oil - twice as expected. Additionally, the Italy-based multinational oil and gas company, Eni, revealed a discovery of an estimated 1 billion barrels reserve.
Japan-based Nucor Corporation and JFE Steel Corporation started the construction of a new steel plant in the city of Silao, in the Mexican State of Guanajuato, in which they will invest approximately U.S.$270 million by the second half of 2019. The plant will have the capacity to produce 400 thousand tons of steel sheets per year.