Policy Changes Keep the Mining Sector in Uncertainty
The Andrés Manuel López Obrador administration keeps making statements and policy changes that cause uncertainty in the sector. Nevertheless, companies with valid concessions boast strong production results.
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Mining Law Could Grant State Control Over Lithium
Although the government said that the vote on the Electricity Industry Law (LIE) could reveal the possible positive result of President López Obrador desired energy reform, strong resistance from opposition groups could lead to its rejection. Consequently, the president stressed that if the reform is not approved, the Mining Law will be changed to ensure state control over lithium.
Lithium Only Possible to be Exploited in 13 years: Experts
Experts say that while the energy reform could soon allow the government control over the country's lithium reserves, the administration may not be able to exploit the resource for another 7 to 13 years, as it lacks the knowledge, experience and technology to do so.
Minera Cuzcatlan to Start Legal Process Against SEMARNAT
Mining company Minera Cuzcatlan, the Mexican subsidiary of Fortuna Silver Mines, will start a legal process to cancel or correct a SEMARNAT document. Recently, the environmental ministry informed the public it made a typo in the original Environmental Impact Manifestation (MIA) for the San Jose mine, with which it granted the company a permit extension period of two years instead of the 12 that the company specified in its application.
Legislators Demand Reactivation of Mining Fund
Local legislators from the state of Guanajuato are asking Mexico’s federal government to reactivate the Mining Fund, which was used to distribute cash fees from mining developments to local communities.
La Esperanza Proves Sustainability in Mining is Possible
La Esperanza Silver, a subsidiary of Canada’s Alamos Gold, is looking to develop mining projects at San Agustin Tetlama in Temixco, Morelos. Its most recent project is La Esperanza, which the company emphasized set a precedent for socially and environmentally responsible mining in the country.
AHMSA Started Coal Production at New Mine
The leading steel-producing company Altos Hornos de Mexico (AHMSA) started operations at Mina VIII, which will be its main metallurgical coal supplier for its coking plants in Monclova, Coahuila.
Santana Mine’s Ramp Up Shows Promising Progress
Minera Alamos reported the main milestones it achieved at its Santana gold mine in Sonora in 1Q22, including the results of the project’s start-up Phase 1. The company highlighted that since it implemented significant improvements in the project, it expects Phase 2 to go smoother.
Zacatecas Silver Intercepts High-Grade Silver at Panuco
Zacatecas Silver reported results of multiple silver and gold assays from its drilling program at the Panuco project in Zacatecas. The company said it intercepted high-grade mineralization near the surface. However, the veins remain open at the unexplored depth and along strike.