Mexican legislators call for reform of the Mining Trust fund. The new bill expects to distribute 70 percent of the fund’s resources in the municipalities surrounding mining activity, 28 percent to states and 2 percent to the federal government.
Oaxaca to receive US$87.5 million of Canadian investment in the mining industry, announced Governor Alejandro Murat. The inflow of resources is expected to generate 5,000 direct jobs in the state.
The Undersecretary of Mining, Mario Alfonso Cantú, and Governor Claudia Pavlovich signed the Collaboration Agreement for Mining Competitiveness in Sonora. An interinstitutional committee for competitiveness will be established to speed up mining procedures in the state.
Chihuahua seeks tax incentives to foster mining exploration. Governor Corral claims 80 percent of the state is unexplored, despite its significant mining potential, such as silver, copper, zinc and gold reserves.
Mexico Mining Day was inaugurated at PDAC last Tuesday. With 173 Canadian companies and more than 800 mining projects in Mexico, Toronto seems the right place to seek new investors.
Uncertainty shaping South Africa’s mining sector. The big picture for the industry remains challenging, according to BNP Paribas.
South Carolina’s government is demanding that Genesis Mining, partner of Swiss Gold Global, stop operations because the companies is not complying with legal requirements.
DRC’s government signed the revised Mining Code into legislation. Mining companies believe the code can decrease investment in the country as their concerns were not taken into consideration. President Kabila claims miners’ worries will be addressed on a case-by-case basis.
Acoustic Zoom, a mining technology company, innovates with its high-frequency and 3D seismic imaging approach. The company’s environmentally aware and cost-effective approach to exploration won it top honours at the Disrupt Mining competition in Toronto.