The Ministry of Economy granted 8,000ha in mining concessions in the state of Puebla for the extraction of mineral resources. According to data from the ministry, 17 concessions were granted for the exploration and exploitation of mining resources in the state.
Experts consulted by El Economista say new mining concessions could increase, even though President Andrés Manuel López Obrador promised in August not to give more concessions. Grupo México announced, through its subsidiary Perforadora México, that the company wants to boost the development of geothermal power generation projects in the country. Also, Minera Mexico, another subsidiary of Grupo México, placed US$1 billion in bonds among more than 200 investors from the US and Europe.
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- Grupo México, through its subsidiary Perforadora México, has its eye on the development of electrical projects powered by geothermal energy.
- Grupo México issues US$1,000 million in bonds among more than 200 investors from the US and Europe with one of the lowest rates.
- The Ministry of Economy authorized 8,000ha for mining projects in Puebla. The state has 17 concessions for the exploration and exploitation of mining resources.
- The Ministry of Economy could grant 95 mining concessions more despite López Obrador’s pledge to stop granting concessions. Though having threatened to do so, President López Obrador said no concessions would be canceled. Cancellations can only stem from businessmen violating the minimum regulations to operate.