Organized Crime Threatens Mining Industry in Mexico El Universal
go to original April 13, 2015

The situation of insecurity for Mexican companies and their employees has increased during the last few months, according to Manuel Reyes, president of the Mexican Association of Mining Engineers, Metalworkers, and Geologists.

In an interview with The Wall Street Journal, Reyes expressed that engineers, executives and even miners have being preyed upon by criminal gangs, being kidnaped and subjected to extortion.

Mexico, the world’s biggest silver producer and a major producer of gold, copper and lead, has increased its share of mining companies’ global exploration dollars, from 4.6% in 2005 to 6.6% in 2014, according to data provider SNL Financial.

But insecurity for Mexican mining companies and their employees is also on the rise, expressed Reyes.

“It’s a daily danger,” Mr. Reyes said. “It’s organized crime besieging people.”

Read the rest at El Universal

Related: Mining Company Robbed of $8.5 Million in Gold has 'Good Relationship' with Mexican Cartels (Fox News Latino)

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