Major productions plans are bringing new investments to Mexico and are expected to increase the country’s annual production. Workers and residents of San José del Progreso in Oaxaca protested to demand the authorization of Minera Cuzcatlán's EIA, since without the permit it cannot continue to operate and more than 1,200 direct jobs could be lost. In addition, the company announced that it will appeal SEMARNAT's decision to reject its EIA extension.
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Mexico’s mining pipeline has increased to US$9.08 billion due to the arrival of new investments. Currently, the country has 26 projects that are expected to begin production before the end of 2028. These projects will increase Mexico's annual gold, silver, copper, zinc, lithium and lead production significantly.
Approximately 800 workers from the Minera Cuzcatlán and residents of San José del Progreso, Oaxaca, site where the company operates, protested to demand the authorization of the company's environmental permit (EIA). Without the permit, the mine would have to close, affecting more than 10,000 families who depend on mining.
Minera Cuzcatlán is working with legal advisors to file an appeal to the denial order received from SEMARNAT regarding its request to extend its environmental impact authorization (EIA) for its San José mine in Oaxaca. The company reported it continues to work with the authorities. However, due to the lack of concrete answers, it will use other legal alternatives.
Rockland Resources has signed an agreement to take a 100 percent interest in the Elektra clay lithium project in Sonora, which is adjacent to the Sonora Lithium Project that is being developed by Bacanora Lithium and Ganfeng Lithium. Additionally, the company reported that President López Obrador's nationalist initiatives do not pose a risk to the new project and its exploration program.
Consolidated Zinc reported that last week it had suffered a robbery at its Plomosas mine in Chihuahua. Zinc and lead concentrates worth US$90,000 were taken. The company announced it is currently working with the authorities and the army to improve the security of its mine and protect its workers.
The agreements reached at COP26 will affect the mining industry in Latin America, since the region is a major producer of dozens of minerals necessary for the transition to a low-carbon world. Mexico, considered the world´s largest silver producer, is one of the countries that is bound to benefit from these agreements.