Mexico's Autlan plans USD 350 million investment.

Mexico's Minera Autlan plans to invest USD 350 million in mining, energy and ferroalloy operations over the next 5 years.

Mr. Jose Antonio Rivero Larrea CEO of Minera Autlan said that 'The company, which produces manganese and ferroalloys, is currently exploring financing options, including the possibility of issuing shares.'

Mr Rivero Larrea expects Autlan's performance in the H1 of the year will surpass the previous half and H1 2013 thanks in part to the recent acquisition of Compañía de Energía Mexicana which will reduce Autlan's energy costs.

Autlan plans to generate sufficient energy to meet its own needs and possibly sell excess power to third parties, energy division director Esteban Rivero was quoted as saying in May.

mining.steelguru.com