Mining in Mexico

Ayiko owns and operates three iron ore mines in Mexico, producing about 50,000 tons of iron ore monthly. Ayiko produces iron ore fines with a basic quality of Fe 60%.

In the south of Mexico, a joint-venture of which Ayiko holds 50 % is developing an iron ore mine, having the potential to become a world-class iron ore project. Next milestone in the project development is terminating the feasibility study by the end of 2012.