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Industrias Peñoles, S.A.B. de C.V.

Company Detail

Description

Industrias Peñoles, S.A.B. de C.V. is a Mexican mining group involved in the extraction, smelting and refining of non-ferrous metals, as well as the production of chemicals. The group is divided into five units: mining (silver, gold, copper, zinc and lead); exploration; metals-chemicals; chemicals; and engineering and construction. Peñoles' mining activities are conducted through its 75%-owned subsidiary Fresnillo plc and its wholly-owned subsidiary Minas Peñoles, with several mines in México and exploration activities in Peru and Chile. The company's other fully-owned subsidiaries are Química Magna and Infraestructura Peñoles. Peñoles is one of México's biggest exporters with more than 80% of its sales abroad. It is also the world's largest producer of refined silver and a major producer of metallic bismuth, refined zinc and sodium sulfate, and a leading regional producer of refined gold and lead. Peñoles is owned by local business conglomerate Grupo Bal. Mexico City-based Peñoles has offices in Brazil and the US and was founded in 1887.

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