Investors Call for Better Tailing Dams Management

Global investors announced their intentions to confront mining companies that have not yet adopted best practices for tailing dam management. Furthermore, Federal Deputy for PT Mary Carmen Bernal said indigenous consultations must be included in the Mining Law, as this practice is required by the International Labor Organization (ILT). 

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Investors to Pressure Companies to Comply With Tailings Standards

Investors overseeing a portfolio of US$25 trillion have announced their intention to confront mining companies that have yet to adopt best practices for tailings dams. They plan to challenge non-compliant companies and to vote against management at upcoming annual meetings. Grupo México is among the listed non-compliant companies targeted by this initiative.

Metso Inaugurates Screening Media Factory in Guanajuato

Finland-based aggregates company Metso inaugurated a screening media factory in Irapuato, Guanajuato. This facility represents a significant stride in bolstering Metso's supply and delivery capabilities for the mining and aggregates sectors across North and Central America.

Fostering Relationships to Boost Sinaloa’s Mining Industry 

Ignacio Cano, President, AIMMGM Sinaloa, emphasizes the significant potential of Sinaloa as a mining destination. Cano highlights key advantages, such as active government support, a strategic location, and a well-established local supplier network, making Sinaloa an attractive hub for mining exploration.  

Ganfeng Lithium’s Concessions Still in Dispute

Ganfeng Lithium has been accused of non-compliance with Mexican law by Alfonso Durazo Montaño, Governor, Sonora. Experts warn that the resolution of Ganfeng's conflict with the government will determine whether Mexico becomes a lithium producer in 18 months or 20 years. 

Mining Services Take a Hit in 2023

Demand for mining services plummeted in 2023 due to López Obrador's government policies, which have increased uncertainty and halted projects. Experts say the outlook for mining services in 2024 is still uncertain, especially due to the coming elections.

Indigenous Consultations Could Be Included in the Mining Law

Prior consultations with indigenous communities are urged to be integrated into the Mining Law by Deputy Bernal. The absence of such consultations in the existing Mining Law creates uncertainty for both communities and companies involved in these matters, sometimes forcing companies into conflict with communities, as well as local and state governments.