Experts Highlight Mining Law Deficiencies

While the federal government works to publish the regulations derived from the Mining Law reform, experts argue that these must clarify some ambiguities regarding the concession granting process and closure of mines. Furthermore, AIMMGM Sonora stressed the importance of improving security conditions in the country as the state has been a victim of increasing robberies and violence, impacting the mining sector. 

This is the Week in Mining!

Mining Law Reform Must Address Gaps in Regulation

The deadline for the formulation of the regulations derived from the reforms to the Mining Law and other important laws affecting the mining industry in Mexico is drawing nearer. The new changes have drawn the attention of industry experts, who expect some ambiguities to be clarified.  

AMLO Could Restructure AHMSA’s Debt

President López Obrador said that the government is open to restructuring the debt of the steel company Altos Hornos de México (AHMSA). However, it will only do so once President Alonso Ancira leaves the company. 

Mining Law Reform Neglects Mine Closure Process

The Mining Law reform, which entered into effect in May 2023, has caused uncertainty within the mining sector. One major concern is that the reform introduces significant changes without specifying the procedures for implementing the new law and lacks clarity regarding the process for closing mines.

Energy Transition Could Compromise Global Demand for Minerals

As efforts aiming to reduce the countries’ dependency on fossil fuels advance, countries are now facing a major challenge: disruption in the supply chain of key minerals, which are essentially required in the production of batteries to store energy. Experts point out that the most impacted minerals will be cobalt, dysprosium, nickel and rare earth minerals. 

Violence Hits Sonora Mining Sector

David Ramos, President, AIMMGM’s Sonora District, said that in recent years, there has been an increase in robberies and violence in the sector. He explained that because mining companies produce high-value minerals and are located in remote locations, this makes them easy targets for criminals. However, he stressed that companies are receiving training to detect and prevent risk situations. 

AMLO's Legacy in the Mining Industry

Adrián Juárez, CEO, CTA Consultoría y Tecnología Ambiental, assesses the impact of President López Obrador's policies on the Mexican mining industry. From mining concession restrictions to state control of lithium, Juárez explores challenges while noting surprising investment growth. As Mexico approaches the 2024 elections, the industry grapples with AMLO's legacy and prospects for change.

SHCP: Third Incentive Package to Secure Sonora’s Lithium Industry

SHCP aims to secure Sonora’s lithium industry’s future through comprehensive incentive packages that cover the entire production chain, from its extraction to its use in manufacturing processes. The latest incentive package aims to facilitate the development of lithium-based projects and five solar plants to secure the state’s position as a regional key hold for the burgeoning industry, according to SHCP Deputy Minister, Gabriel Yorio. 

Silver Bull Secures Funding for Legal Battle Against Mexico
The Canada-based exploration company Silver Bull Resources announced it secured litigation funding for an international arbitration proceeding against the Mexican government as it failed to reach a mutual agreement. The proceeding will be carried out within the framework of USMCA and NAFTA.