Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
The full details are available from Cost Mine and their Mexican Mine Wages, Salaries and Benefits 2013 Survey Results.
Some average hourly rates in US dollars per hour for wages at mines in Mexico:
Wages vary greatly from mine to mine. Here are some wage ranges (US$/hour) for a specific mine (unnamed):
I am not sure what a High End Operator does, but the wage is low as are most of the wages by comparison with the US or Canada.
Not sure how they scale relative to the cost of living, but it is no wonder folk come across the border to work.
For more from Jack Caldwell, see his blog, I Think Mining
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