As the mining industry patiently waits to see what the new USMCA agreement will bring for the industry, it’s so far, so good. But when it comes to AMLO’s incoming administration, there are still many question marks surrounding whether or not he will give the industry continuity or not. In the meantime, social issues continue to disincentivize economic activity from Mexico’s mining communities.
Ready to see what the future will bring? Here is your news roundup!
Mexico’s Mining Future?
- AMLO has his own plans for the mining industry in his Nation Project 2018-2024. Mining has represented a great part of the Mexican economy for many years, will the new administration give it continuity or change the flow?
- Mexico increases its gold exports in the first 7 months of 2018 from US$2.528 million to US$2.652 million in the same period of 2017.
- USMCA could impact the mining industry in a positive way and Canada has shown special interest in Zacatecas, Chihuahua and Sinaloa. This is how Canada has reacted to the new deal.
Companies Striking Mexico Gold
- Brad Langille, CEO of GoGold says “what doesn’t kill you, makes you stronger” when talking about the Mexican mining industry.
- Southern Silver Exploration is optimistic of its flagship Cerro Las Minitas in Durango.
Social Takes a Hit on Mines
- Mining activity is still in the sights of drug traffickers as mining is one of the most lucrative activities in the world. How can mining be revamped to avoid corruption and political collusion?
- 22 different communities and municipalities in Oaxaca signed a petition against mining concessions that were not subject to consultation first. 40 registered projects in which 24 international companies participated are currently on hold.
by Brenda Salas