The mining and metallurgical industry has historically been a cornerstone of the country’s development. In addition to being a precursor of numerous productive sectors, it generates decent jobs, foreign exchange, local and national economic value, and social welfare in the communities where it operates.
By being declared an essential economic activity in May 2020, Peñoles and the rest of the sector were able to return to their mining activities. We are proud to report that our strict sanitary protocols served as the national standard during this period. Peñoles is and has been an industry benchmark for sustainability and, year after year, our actions reflect our company’s unwavering commitment to Mexico.
LA RESILIENCE AND COMMITMENT
Grupo BAL is a cluster of state-of-the-art companies that incorporates a diversified group of businesses: Profuturo (pension funds), Grupo Nacional Provincial (insurance), Peñoles (mining, metallurgical, and chemical industries), Fresnillo (mining), Grupo Palacio de Hierro (department stores), TANE (jewelry), Valmex Soluciones Financieras (financial services), Valores Mexicanos (brokerage house), Crédito Afianzador (bonds), Compañía Agropecuaria Internacional (agricultural businesses), Médica Móvil (pre-hospital care), Instituto Tecnológico Autónomo de México (education), PetroBal (exploration and hydrocarbons production), and Energía Eléctrica BAL (power generation). In each of these, we strive to reach the higher percentile in our industry as regards profitability, and to create value to all stakeholders, offering our customers exceptional products and services, supporting the personal and professional advancement of our employees and contributing to the progress of Mexico.