Mining companies tend to be seen as the bad guys from a social perspective. In my opinion having good corporate citizenship and incorporating best practices is an efficient way to ensure the company is able to operate smoothly without disruptions. Often, mining companies want to be off the radar, which is contrary to the publicity other industries often seek. In mining, often the best approach is to attract less attention. When I talk to clients about the regulatory framework in the Mexican mining industry, their complaints about the taxation structure stand out the most. However, some adjustments could be made to ensure Mexico is as competitive as other jurisdictions. The country does not have to eliminate all taxes but I believe we would be better served by reducing some of the tax charges and prioritizing the ability to attract more investment to the mining industry.
Juan Torres Landa
The Mexican legal framework is extensive in regulating the whole mining cycle, often becoming a hurdle for national and foreign companies that want…