Peoles is a subsidiary company owned by Grupo BAL. Peoles is the second largest Mexican mining company, the first Mexican producer of gold, zinc and lead and the world leader in silver production. Peoles is a company with active mines within Mexico and with some prospection projects in South America. Holdings includes the Fresnillo Silver Mine / Mina Proao, the Met-Mex Peoles metallurgical complex and Qumica del Rey; a Chemical facility; three operations. Peoles produces about 80,500,000 troy ounces (2,500,000 kg) of silver and 756,100 troy ounces (23,520 kg) of gold annually. Other metals that the company produces are zinc, lead, copper, bismuth, and cadmium.[1]
The main product of Peoles is refined silver in the form of ingots and granulated silver which are 99.99% pure silver, this product is made in Torren (northern Mexico) and from this location is exported all over the world.
In 2012, the company was awarded with the Fray International Sustainability Award for its initiatives in sustainable development. [2]They approach sustainability by achieving three dimensions: Economics, Ecology, and Ethics, and by consistently measuring and analyzing their environmental impact.
History[edit]
Peoles' history begins in 1887[1], with the mining concession of certain mines located within the Sierra de Peoles in the state of Durango and the foundation of the Compaa Minera de Peoles under the regime of President Porfirio Daz.
From 1890 to 1960 the company suffered several mergers, fusions and acquisitions with others mining companies. During this time the company was owned by different shareholders, among them some from the United Kingdom, United States and Germany.
During the decade of 1960 to 1970 the Mexican mining industry was "mexicanized" and therefore Mr. Ral Bailleres acquired the majority of the company shares, after that the company received the name of Industrias Peoles.
Divisions[edit]
Peoles has three mining related divisions and a branch created for other business. They are located mainly in northern Mxico.
- Grupo Metalrgico, located mainly in Torren
- Grupo Minas-Qumicos, scattered along northern Mexico
- Grupo Exploracin, with several geological prospects all over the country and in South America
- Grupo Infraestructura, with a thermoelectric power facility and an important sharing in a drinking water service company.
- The company is also the controlling shareholder of Linea Coahuila Durango.
Grupo Metalrgico[edit]
- Met-Mex Peoles, zinc refinery that uses an electrolysis process
- Met-Mex Peoles, lead-silver foundry
- Met-Mex Peoles, lead-silver smelter and refinery
- Fertirey, sulphuric acid processor
- Met-Mex Peoles, metallurgical specialities (Bermejillo, Durango)
- Aleazin, production of special alloys facility (zamak)
Grupo Minas-Qumicos[edit]
Oxide copper ore specimen from the Milpillas mine, SON
- Unidad Fresnillo, the world richest silver mine located in Zacatecas
- Unidad Francisco I. Madero, a big zinc ore deposit also in Zacatecas
- Unidad Sabinas, located near the town of Sombrerete, Zacatecas
- Unidad La Cinega, a gold mine located at the foothills of the Sierra Madre Occidental
- Unidad La Herradura, a gold mine in association with the American mining company Newmont Mining Corporation and an open pit mine located in Sonora
- Unidad Bismark, located near the Mexican–American border
- Unidad Naica, a big lead ore deposit, located in the state of Chihuahua
- Unidad Tizapa, a lead and zinc mine located in central Mexico (Zacazonapan, State of Mexico near Valle de Bravo recreational complex)
- Qumica del Rey, production of sodium sulfate and magnesium oxide.
- Magnelec, production of special magnesite chemical compounds
Grupo Exploracin[edit]
- Milpillas Project, underground copper mine, located in the State of Sonora and with a future production of copper cathodes (2006)
Grupo Infraestructura[edit]
- TEP / Termoelctrica Peoles, a combined cycle thermoelectric power facility, focused in the own generation of electricity and located near Tamuin, San Luis Potos.
- Drinking water service, a joint venture with the French company Ondeo which is concentrated in several Mexican urban sites like Cancn and Mxico City.
References[edit]
External links[edit]