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The Mining Fiscal Requirements In Review

Mon, 10/22/2018 - 15:50

The Fiscal Reform specifies that mining companies must pay to hold the rights for their extractive activities. New taxes brought the promise that 77.5 percent of the funds levied would be distributed among mining states to improve life quality among mining communities. The volatility of metal prices and the new fiscal requirements have companies prioritizing their investments. Miners subsequently called for the government to strive for fiscal policies that will foster investment and exploration with a long-term view, considering the importance of mining for Mexico’s economic performance.