Mining Industry Supports Plan México’s Development Goals

Mexico’s mining sector is aligned with the country’s broader economic development strategy, known as Plan México, says Lorenia Valles, President, Mining Commission, and Senator of Sonora. Mining is not only crucial for economic growth but also fits perfectly with the government’s vision of creating a modern, sustainable, and investment-friendly environment, she adds.

Plan México seeks to enhance the nation’s economic prospects by focusing on several key pillars, which include creating certainty for investors, increasing foreign investment, modernizing infrastructure, and promoting clean energy initiatives. These elements, says Valles, directly correspond with the opportunities within the mining industry. 

“Mining is not just an industry; it is an integral part of our strategy for growth and stability. We must ensure that the industry modernizes, attracts investment, and operates in a sustainable manner to meet both national and global demands,” says Valles. Plan México also places significant emphasis on sustainable development, and she adds that clean energy promotion and emission reductions must continue to be fundamental goals.

The government’s efforts to reduce bureaucracy and simplify investment procedures will make the country an even more attractive destination for foreign investors, explains Valles. “Under Plan México, we aim to reduce the time it takes to process investment projects from 2.6 years to just one year or less. This will help streamline the process for mining companies to enter the country and get to work faster,” she says.

Plan México also aims to boost public investment to support nearshoring, which involves relocating supply chains closer to the US market. This shift presents a great opportunity for Mexico’s mining sector, says Valles, as it can supply vital materials for industries such as EV and renewable energy production. “The government’s investment in infrastructure is key to supporting all industries, including mining, and ensuring that it can compete in the global market,” says Valles.

Through Plan México, the government also aims to increase company creation and strengthen the industrial base through the IMMEX 4.0 initiative, explains Valles. “We are at a crucial moment. By embracing modern practices, reducing bureaucracy, and attracting foreign investment, we can ensure that Mexico becomes a global leader in mining, contributing to a prosperous and sustainable future for all,” she says.