Mexico's First Female CEO in Mining
Transforming the Mining Industry
As pioneers of the mining industry in the state of Sinaloa, Cia. Minera Pangea has surpassed many challenges to establish a source of income to the company, especially in a town where businesses and government culture were derived from agricultural sources. In 2007, the company’s administration experienced significant changes, with the appointment of Euridice Gonzalez as the new general manager in August, 2007. Gonzalez became one of the first females to hold the highest executive position in the sector.
"We decided to develop this site, and as a result, the company grew and it became feasible to open another mine," says Gonzalez, recalling the discovery of silver in the vicinity of the gold mine.
Given the increase in metal prices in 2011, the mining industry expanded, providing accelerated operations to Pangea with a new silver deposit and the revival of gold. By mid-2012, Gonzalez took over as country manager for McEwen Mining Inc., in Mexico. This period included an investment of 15 million dollars for the purchase of new equipment, the introduction of detailed engineering and the reopening of El Gallo phase I. Another $180 million was invested into the development of El Gallo, “we are working on reducing this capital expenditure,” says Gonzales .
Currently, they are exploring the site for mineral reserves, expanding production and remodeling their gridding minerals system.
"We want to increase our production capacity to 4,500 tons per day. We will soon reach the goal with a lower budget and a better delivery time," says González.
A Female Leader in the Mining Sector
Euridice Gonzalez was the first female leader in the mining industry in Mexico. For Gonzalez, this appointment made it clear that women have no limits. As a high-level executive in a position that requires major responsibility, she has shown that individuals should not be cloistered or limited to certain activities based on their gender.
"When I started working in here as Operations Assistant, the manager told me I was going to grow in the company. Now I know we have to change our focus and think that everything is possible," she adds.
Gonzalez has achieved many objectives as country manager; one of those is a joint collaboration with their competitors to form the association “Consejo Minero Empresarial A.C.,” of which she is currently president. Finally, she emphasized that it is essential to know the mining sector and their contributions in the Mexican economy.
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.