Mexico City- Investment funds, mining companies and analysts all agree that Mexico will play a significant role in the mining boom predicted for coming years, but before taking a seat and enjoy the party “Mexico must make some changes, including providing investments on assets with efficiency, becayse they are very expensive”, Doug E. Stretton, Mining Assets Management Director with PriceWaterhouseCoopers (PwC), said. In Mr. Stretton’s opinion, Mexico, in addition to its mining tradition, geographical location and strong local companies, has trade agreements, as well as a potential for infrastructure development which would allow transferring minerals exploitation abroad and obtain profit.
“Mexico has advantages over many countries; including its geographical location and being a member of North America Free Trade Agreement. In this particular field labor costs are not that important, because it is low all over the world,” he pointed-out.
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