Iron Ore Mines. IMR Metallurgical Resources SA de CV operates our Iron Ore assets in Sinaloa and Michoacán. It has produced and exported 2 million MT of high grade iron ore. Present focus is on exploring mining prospects in the Pinal and La Aventura project, located in the Michoacán state of Mexico. Gold Mines.
The output of gold produced from ore is among the top ten across the country. The company has a number of large scale gold mines, as well as a gold refining enterprise certified by the Shanghai Gold Exchange Urumqi Tianshan Xinggui Metals Co., Ltd., which is in a leading position in the gold mining and smelting industry.
The iron ore market in October was already at a 15% surplus, and cost support is currently at about $80 to $90 a ton, she said. Iron ore futures in Singapore were at $96.10 a ton in the overnight trading session, after earlier touching $91.60, the lowest since Sept. 20.