The Greater Sudbury Development Corporation, the Sudbury Area Mining Supply and Services Association (SAMSSA), and the State of Guerrero, Mexico signed a collaborative letter of intent to work together “for mutual economic benefit.”
The State of Guerrero is host to several multi-million-ounce gold deposits and has a mining history dating back to the 1920s.
The letter of intent was signed at the Prospectors and Developers Association Convention in Toronto, March 7.
The parties agree to work together to “identify, analyze and develop opportunities” for mineral development in the State of Guerrero, which contains the resort city of Acapulco on the Pacific coast.
This could mean potential “commercial enterprise, capacity building, and technical innovation,” and could clear the path to a more definitive framework agreement.
The letter of intent has a three-year life span unless the participants agree to mutually terminate or amend it.
"The GSDC is proud of our community's position as one of the premier hard-rock mining jurisdictions in the world,” said chair Wendy Watson in a news release.
“We look forward to exploring the potential of a mutually beneficial relationship with the State of Guerrero, applying Sudbury's experience and expertise to supply operations in the emerging Guerrero Gold Belt while supporting the development of a local mining cluster."
“Sudbury Area Mining Supply and Service Association (SAMSSA) is pleased to be a supporter and partner in this important relationship. Working together we will increase the opportunities between the Sudbury Supply Cluster and the State of Guerrero,” said SAMSSA executive director Dick DeStefano.
“Collaboration and creating partnerships are important to the growth of our economy, communities, and countries,” said Nickel Belt MP Marc Serré, who talked up the Canadian mining industry and Sudbury’s sophisticated mining technology cluster while attending the annual ParlAmericas Plenary Assembly in Mexico City last December.
“Each year the industry employs nearly 20,000 residents of Northern Ontario. It’s important to note the amount of time, dedication and succession planning it takes to bring this forward.”