Sheinbaum Balancing Continuity and Moderation

After being elected Mexico's first female president, Claudia Sheinbaum represents a sense of continuity to President López Obrador's political stance. However, experts forecast a more moderate tone given her scientific background. In other news, CAMIMEX reported a decline of over 50% in exploration in the country in recent years, posing a significant risk to future project development.

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Sheinbaum's Stance on Mining: Continuity With AMLO's Policies?

MORENA candidate Claudia Sheinbaum has made history by becoming Mexico's first female president. Although experts expect her to maintain President López Obrador's stance on mining, there is uncertainty about the extent of her commitment to his policies.

Total Value of Mining M&A Declines in 2024

The total value of mergers and acquisitions (M&A) in the mining sector, encompassing proposed, pending, completed, and terminated deals, has decreased by 12.5% to US$74.2 billion in May 2024 compared to the same month in 2023, according to Bloomberg.

Minister Requests Revision of Amparos Against Mining Law

Lenia Batres Guadarrama, Minister, Supreme Court, requested the revision of the 19 amparos filed against President López Obrador's Mining Law reform, as the lower courts did not thoroughly examine the constitutionality of the reforms and only granted amparos for violations in the legislative process, she said. Batres intends for the Supreme Court to intervene and establish a criterion on the structural redefinition of mining activities and their use of water under the new legal regime.

Mining Pivotal to Shaping a Green Future: Rocío Flores

Rocío Flores, Director of Mines, Chihuahua’s General Directorate of Mining, stressed the local government's support for the mining sector, highlighting the state's initiatives to foster industry growth. Despite the federal government's primary responsibility for the sector, the state's approach aims to promote sustainable development and robust infrastructure, ensuring a conducive environment for the mining industry.

Disputes at Minera Tizapa Mine Resolved: US Department of Labor

Mexican authorities and Peñoles have resolved labor disputes at the Minera Tizapa mine, writes the US Department of Labor. This resolution follows an investigation request by the US government under the USMCA's Rapid Response Labor Mechanism, which alleged possible violations of workers' rights.

Mexico's Lithium Availability to Be Known by September: President

President López Obrador says that the availability of Mexico's lithium reserves will be known before September, highlighting promising advances in CONAHCYT's technique for extracting lithium from clay. Despite government optimism, skepticism persists among experts about the government's ability to boost the lithium industry.

New Regulations Result in Investment Loss of US$4.5 Billion

Karen Flores, Director General, CAMIMEX, emphasized that in recent years, mining exploration in Mexico has declined by 50%, posing a significant risk to the future of the sector. She underscored that the challenges extend beyond exploration and encompass project development, citing the delay in the issuance of 220 environmental permits by SEMARNAT. Moreover, proposals such as the prohibition of open-pit mining could increase uncertainty for both existing and prospective companies aiming to invest in Mexico.

To Stand Out, Innovate: BATRINSA 

Gerardo Martínez, Head of Marketing, BATRINSA, emphasizes the company’s focus on quality and reliability through partnerships with reputable brands and a strong aftersales service in the conveyor belt market. BATRINSA is now looking to diversify its operations beyond the mining sector to include grain transportation, the sugar industry, and manufacturing while continuing to support the Mexican mining industry.