Resource Development

Mining is normally associated with activities carried out in a mine such as drilling, blasting, excavation, and truck loading. The alliance goes beyond these essential activities to discover, raise and process iron ore in a sustainable manner.


Fomento Resources' team of experts with experience in geological investigation, prospecting, and surveying allow for an extremely accurate area selection and dependable resource evaluation. Combining the latest techniques and technologies with an in-depth historical knowledge of the region’s geology puts this team among the best in the industry. Activities include the use of Total Station surveys, extensive core drilling, modeling of survey data, and detailed core analyses. This marriage of technological and intellectual resources allows reliable estimation of probable and proved reserves based on incisive multidimensional analyses.


In addition to using world class heavy earthmoving machinery, the alliance is committed to having all its operators adhere to the highest standards of safety, efficiency, and emissions. It implements state-of-the-art products, training methods, and maintenance checks, with the top names in the earthmoving industry. Modern techniques in pit dewatering, dust suppression, waste management, afforestation, backfilling, and land mitigation are carried out.

Examples of some of the machinery used:

  • Volvo – Hydraulic Excavators of multiple tonnages with electronically controlled engines (Tier 3 compliance), L120E/F, L220F Wheel Loaders, A35E Articulated Dump Trucks, and FM400 Dumpers
  • Komatsu – D275 Rippers (Tier 3 compliance), D65E dozers
  • Others – JCB Backhoe Loaders, Bobcat Skid Steer, etc.

Mineral Processing

Extensive experience in size reduction, sizing separation, classification, magnetic separation, dry solids handling, and plant control makes the alliance  well positioned to provide products meeting the specifications of the most discerning buyers. Fomento Resources has been at the forefront of innovation in the region, being the first to include a high gradient magnetic separator in its process flow thus reaching the upper limits of recovery technology. In addition to in-plant processes, there are several mobile dry processing units deployed at numerous locations to help capitalize on providing high-grade run-of-mine ore directly for haulage to customers.