With the 13th largest economy in terms of nominal gross domestic product (GDP), Mexico has a long-standing tradition as a mining country with its history dating back to the pre-Columbian days, when mining was practised by the Maya, Aztec, Mixteco and Zapoteco peoples. Since those early days the country’s underground resources have played a significant role in the development and prosperity of its economy.
To this day Mexico’s geological potential continues to grow, attracting hundreds more national and foreign companies into the country that wish to commence new exploration projects, many of which are based in the northern states of Sonora, Zacatecas and Chihuahua. In figures for the year 2010 it was determined that the mining sector represented more than eight percent of the country’s GDP. It was also during this year that Mexico regained its position as the world’s leading silver producer, while also recording high production levels of copper, gold, zinc, bismuth, fluorite, cadmium, molybdenum, graphite and manganese.
Abundant iron ore and coal reserves, coupled with low labour costs, make Mexico an attractive market for iron and steel production. After Brazil, Mexico is the second-largest iron ore producer in Latin America and the Caribbean, and consequently, Mexico's iron ore production is dominated by a small number of large steel producers and a large number of small companies.
New World Mining Corporation (NWMC) is a large Mexican supplier of quality iron ore and iron ore pellets to global industrial users. As well as having its products directly exported to the hugely important Chinese market, the company has also developed a large network of suppliers, vendors and logistic partners who support their global operations. These operations see ore from Manzanillo and Lazaro Cardenas shipped to end users on a turnkey basis. In more recent times shipments of high-grade iron ore from Bellary and Hospet areas of Karnataka have begun regularly to China and the Far East.
The importance of being able to deliver a regular supply of iron ore to China cannot be overstated for one second. China is currently the world’s largest consumer of iron ore, as well as being the largest importer.
NWMC is a business that is constantly looking to expand and as such it continues to explore various inroads and opportunities to diversify its mining offering through the discovery and export of rare minerals, copper and pig iron. In addition to this the company is benefitted by having the financial and logistical capacity to undertake projects related to mineral extraction, mining operations, processing and commercialisation.
The company has contracts and marketing arrangements with different mining companies and large mineral suppliers in different locations globally. It is continually looking to solidify and expand its business relations in the industry, specifically focusing on providing good value for its clients and partners.
NWMC is committed to adding value to its customers by providing high quality standard processed minerals with reliable service through its logistics network and excellent financial support. It is continually looking to create supportive and collaborative global business relations.
The company operates its mines and processes minerals according to internationally approved specifications, before selling them directly to its overseas clients. NWMC prides itself of possessing the highest of mineral iron ore standards that it claims are far greater than that of its competitors. The reason behind this is simply that it replies on the quality of the minerals it extracts from Mexico’s fertile underbelly, which itself is seen as being far superior to that found in other regions. Meticulous and innovative processing allows the company to provide high-grade and certified iron to its international customers.
Since the very beginning NWMC has built its success on several core foundations, none more important that its quality controls and logistical strength. As the company turns its attentions to the future it is making considerable strides to expand its global reach, having recently appointed one of the largest shipping companies in Shipco, whose task it will be to ensure that its minerals are delivered safely and efficiently, while always retaining the qualities that brought it such success in the first place.
Written by Will Daynes, research by Louisa Adcock
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