Mexico mining investment seen stable at $5 billion in 2024, says industry group
The 2023 investment level fell 5.8% from the previous year to $4.96 billion.
Appian Capital Advisory, the investment advisor to long-term private equity funds that invest solely in mining and mining-related companies, announced Monday the appointment of Douglas Coleman as Head of Mexico.
Based in Hermosillo, Coleman is responsible for developing Appian’s relationships with mining companies in Mexico, by identifying and sourcing investment opportunities that align with Appian’s objectives. His core areas of focus include due diligence, executing transactions and presenting potential investments to Appian’s Investment Committee. He will also lead on promoting Appian’s value proposition and increasing its visibility in Mexico, Appian said.
A geological engineer with over 30 years of experience in mining exploration in Mexico, Coleman has been based in the country since 1991, establishing himself as a respected industry leader with a deep understanding of the local mining sector and a strong regional network.
Coleman is an independent director of CMC Metals Ltd. and Ashley Gold Corp, and previously held senior positions with companies including Riverside Resources, Layne and Globexplore Drilling. He is also founding President of Mexico Mining Center, the largest digital communication medium for the Mexican mining industry and organizer of the Discoveries Mining Conference, one of Latin America’s leading technical conferences focused on mining exploration, innovation and development.
He is also a Fellow of the Society of Economic Geologists (SEG) and recently served as Regional Vice President for Mexico, Central America and the Caribbean. He graduated from the Colorado School of Mines in 1988, earning a Bachelor of Science in Geological/Geophysical Engineering.
“Douglas is a fantastic addition to the Appian team and his appointment underscores our ambitious expansion plans in Mexico. With his deep network and extensive experience, Douglas’ unique skillset will play a critical role in sourcing and executing value accretive investment opportunities in the country,” Appian CEO Michael W. Scherb said in a statement.
“Mexico is one of the world’s leading mining jurisdictions with a strong resource base in future facing and precious metals, and I’m incredibly excited about its role in Appian’s future.”
