Mining Sector Seeks Dialogue With Claudia Sheinabum

Mexico's main mining associations expressed their desire to establish communication channels with Claudia Sheinbaum following her inauguration on Oct. 1, 2024. These organizations expect a more open approach toward the sector to avoid negatively impacting the sector and the Mexican economy. In other news, Mexican mining companies are working to highlight their sustainable practices, as the sector is often perceived as highly polluting despite efforts to reduce emissions and water consumption. 

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Mining Sector Welcomes Sheinbaum's Administration With Optimism

The mining sector congratulated President Claudia Sheinbaum as she took office on Oct. 1 and reaffirmed its commitment to maintaining an open and constructive dialog to address the industry’s challenges and opportunities. The sector also emphasized its dedication to environmental protection, upheld through strict safety and health standards.

Vizsla Silver Pushes for a Regenerative Mining Approach 

Canada-based exploration company Vizsla Silver reported its ESG initiatives in its second annual Sustainability Report. The report highlights various efforts, including health fairs, reforestation initiatives, and improved transparency in reporting. The company acknowledged the impact of climate change on its operations, requiring immediate action and a shift toward regenerative mining. 

Constitutional Amendments to the Judiciary Branch 

Pablo Méndez, Managing Partner, EC Rubio, says President López Obrador's recent judicial reform has sparked significant controversy. The reform, which includes the popular election of judges and changes to the Supreme Court, faces criticism for threatening judicial independence and economic stability. Méndez highlights concerns from national and international stakeholders over the rushed approval process and potential long-term consequences.

Green Mining Market Projected to Reach US$16.9 Billion by 2029

The global green mining market, which encompasses the integration of environmentally friendly technologies, strategies, and practices within the industry, is projected to grow from US$11.4 billion in 2023 to US$16.9 billion by 2029, with a compound annual growth rate (CAGR) of 7.4% from 2024 to 2029, according to a BCC Research report.

Beyond Headlines: The Reality of Sustainable Mining in Mexico

Mexico's mining sector is facing increasing scrutiny over its environmental and social practices, particularly as demand for minerals essential to the energy transition rises. In response, mining companies are implementing strategies to demonstrate their commitment to ESG principles while minimizing their environmental footprint.

Construplan to Invest US$25.9 Million in Zacatecas

Mexico-based engineering company Construplan announced a MX$500 million (US$25.9 million) investment in Zacatecas over the next two years. According to local authorities, the arrival of Construplan in the state will create 350 direct jobs in the construction and mining sectors. 

Capital: Leading Risk for the Mining Industry in 2025

In 2025, capital will be the leading risk for the mining industry, rising from second place in the 2024 EY ranking. This shift is attributed to increasingly challenging financial and economic conditions that hinder metal production. Following capital, the most significant risks include environmental stewardship, geopolitics, resource and reserve depletion, license to operate, rising costs, productivity, climate change, new projects, evolving business models, and innovation.

Mexico, Buenos Aires Sign Agreement on Lithium Cooperation

The Buenos Aires government signed a cooperation agreement with Mexican authorities to promote collaboration between researchers from both countries on lithium value chain technology. The Mexican government stated that the agreement aims to accelerate lithium extraction by leveraging international expertise, while also emphasizing Mexico’s development of its own technology to extract the mineral from clay deposits.