Mining Sector Achieves Legal Victories

The Mexican law firm EC Rubio announced a favorable ruling to one of its legal challenges against the mining law reform. The company considers it a good precedent for future amparos. Furthermore, Minera Cuzcatlán reported it reinstated its Environmental Impact Assessment (EIA) for its San José mine in Oaxaca, after a favorable ruling by a federal court.

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Law Firm Secures Amparo Against Mining Law Reform

Law firm EC Rubio reported a favorable ruling to one of its legal challenges against the Mining Law reform, published on May 8, 2023, benefitting one of its clients in the mining industry. The ruling holds significance for the broader mining sector, establishing a notable precedent for future amparos against this new provision.

Mining Welcomes ESG Trends

The global mining sector is increasingly embracing ESG practices within its operations, but Mexico’s mining industry requires more transparency and improved communication, according to experts.

Orla Mining Could Invest US$68.6 Million in Zacatecas

Orla Mining could invest MX$1.2 billion (US$68.6 million) in the Camino Rojo project, located in Mazapil, Zacatecas. While the new investment is yet to be confirmed, it has significant potential to benefit the state population and further develop the region.

SAT Collects 561% More Taxes From Larger Mining Contributors

The Mexican Tax Authority (SAT) revealed it collected MX$65.9 billion (US$3.6 billion) from larger contributors in the mining sector, meaning a substantial increase when compared with the amount collected during the previous federal administration. 

Mining and Stress: What is the Impact and How to Address it? 

Jorge Cisterna, Operations Director, MULTILED, explains that stress is a common issue in mining operations due to the hard natural conditions and the work pace. Cisterna recommends a series of measures to reduce stress levels, like the creation of positive work cultures, training programs on stress management, and accessibility to quality mental health resources. 

Newmont Completes Acquisition of Newcrest

Newmont has acquired Newcrest for US$16.8 billion, creating the world’s largest gold producer, with strong copper production. This recent acquisition sets the stage for decades of responsible and profitable mining operations. The company expects to position itself as a leader in responsible gold mining, supporting decades of safe, profitable and responsible gold and copper production.

District-Scale Exploration Can Help Meet Rising Silver Demand

Ariel Navarro, Vice President of Exploration, Reyna Silver, emphasizes the increasing demand for silver in electronics and green technologies. He also underscores the company's use of AI to expedite exploration processes, positioning Reyna Silver as an innovative player in the industry.

Political Stability, Confidence Crucial to the Mining Sector

Frederick Davidson, President and CEO, IMPACT Silver, discusses the strategic acquisition of the Plomosas project and highlights its potential in the Zacualpan Gold-Silver District. He outlines the refurbishment efforts and future plans for the high-grade zinc-silver deposit. Davidson underlines the district's historical significance and mineralization characteristics, emphasizing the attractiveness of the Zacualpan Gold-Silver District as a key mining destination.

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