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European mining firms eye Mexican silver

Thursday, September 19, 2013

European companies are eyeing mining acquisitions in Latin America, and have highlighted their interest in Mexican silver, according to data by consulting company KPMG.

Facing cancellation of mining projects due to a drop in the price of metals, the plans are being offered to other companies, particularly from Europe, said KPMG director of global corporate strategies in Brazil, David Farkas.

Mexico is attractive for mining companies as it has consistently led silver production, as well as being the world's ninth lead producer and eleventh in copper.

Source (in Spanish): El Financiero