trending Market Intelligence /marketintelligence/en/news-insights/trending/rtpfi05h9uwvo7lqrhhj0q2 content esgSubNav
In This List

Grupo Mexico's San Martin mine may restart after 11 years, official says

Blog

Global Clean Action Energy Forum

Video

Insight Monthly, October 2022

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall


Grupo Mexico's San Martin mine may restart after 11 years, official says

Grupo Mexico SAB de CV began refurbishing its San Martin mine zinc-copper-lead-silver mine in Mexico's Zacatecas state, and could restart the site in the first quarter of 2019, Reuters reported Sept. 1, citing Carlos Barcena, the state's economy minister.

The country's largest underground mine was mothballed in July 2007 due to a labor conflict with the National Miners Union, run by Napoleon Gomez, now an incoming senator.

A Grupo Mexico official confirmed the plan, without giving further details.

The government body tasked with addressing labor conflicts recently decided to end the long-running dispute at the request of a group of mineworkers on strike represented by another union.

Meanwhile, a spokesman for the National Miners Union said the group would file a legal challenge against the resolution, while Gomez said in a press conference that the "real miners were still on strike."