President López Obrador stressed that regardless of wether the Supreme Court (SCJN) declared that even though the vote on the constitutionality of the Electricity Industry Law (LIE) does not consider the nationalization of lithium, the result will be key to determine who will vote in favor of the energy reform, which will allow MORENA, the president's party, to define its next move. “It will help us a lot to know which side the [Supreme Court] Ministers are on. We are living in very important times regarding public life, so it is imperative that we pay attention to this vote. We need to ensure the future of Mexico by strengthening CFE and taking lithium out of the hands of private companies,” he said.
This week, the SCJN will analyze the three constitutional challenges filed against the LIE. The proceedings were initiated by the Federal Economic Competition Commission (COFECE), the government of Colima and opposition parliamentarians, who alleged that the bill violates the principles of free markets, the right to a healthy environment and, in the case of COFECE, an invasion to its constitutional powers to protect free competition in the market.
The LIE was the preamble of López Obrador’s constitutional energy reform, which is now being discussed in Congress. The bill’s suspension via amparos was the main reason why the president moved on toward a more ambitious regulatory change.
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The State of Mexico has major mining potential. There are 760 locations of interest and expectations of producing 28 different types of mineral substances key for future productive projects in both mining and other industries, such as automotive, steel mills, chemicals and construction, among others.
Mining, along with other key industries, experienced an important recovery at the beginning of the year, according to INEGI. Data shows two consecutive months of growth as of January 2022, when the industry grew 7.0 percent against December 2021.
Excellon Resources reported that the labor conflict at the Platosa mine in Durango has been resolved with operations resuming on April 1, 2022. Despite this setback, the company still expects strong results for 2Q22.
Alien Metals provided an update on its San Celso, Los Campos and Donovan 2 high-grade silver-copper-gold projects in Zacatecas. The company announced that it will finally carry out more drilling to unlock the potential of its projects after suffering delays due to the COVID-19 pandemic.