This week in mining puts the South American block in the spotlight with industry news swirling around Peru, Bolivia and Argentina and their pro-mining and higher accountability initiatives. The Amazonian countries are battling against the havoc wreaked by illegal mining on one of the world’s biggest green lungs. Locally, Mexican mining is calling for a state policy that will provide the industry with certitude. The Oposura Project, owned by Azure Minerals, is expected to be a hit, while a popular trial to ban mining concessions in Oaxaca could be a miss.
On the interview front, Díaz, Bouchot and Raya (DBR) Abogados specializes in providing comprehensive legal solutions for its clients. DBR provides personalized services that adhere to the highest standards of ethics and responsibility. Mexico Mining Review spoke to one of the firm’s founding partners and current Director General of Mines at the Ministry of Economy Laura Díaz to better understand the intricacies of the mining royalty scheme.
Curious about the week in mining? Dig in!
- Amid the uncertainty caused by the proposals to modify the Mexican mining law or the Mining Trust Fund’s distribution, CAMIMEX lobbies for a stable state policy for the mining sector.
- Mining requires an intricate supply chain whose multiple links ensure that all other industries receive the minerals they need to flourish. To better understand its complexities, keep reading!
- Azure Minerals gets the win with its Oposura project in Sonora, as further drilling yields high lead, zinc and
- 52 indigenous communities in Oaxaca have launched a popular legal action against the state to demand the cancelation of 322 ongoing mining concessions.
The South American Block:
- Argentina formalized the Extractive Industries Transparency Initiative (EITI). Its goal is to enhance the accountability of extractive industries in member countries.
- Bolivia is expected to break a mining record, increasing its collection of mining royalties to US$182 million in 2018 compared to US$174 million in 2017.
- The Amazon Geo-Referenced Socio-Environmental Information Network (RAISG) revealed worrying information about the harmful effects of illegal mining on the Amazonian rainforest.
- In a display of mining activism, the Mocoa municipality, located in Putumayo, Colombia, launched an agreement prohibiting mining activities, despite a Supreme Court ruling to the contrary.
- President Maduro undertakes the war against illegal mining and deploys military forces in the south of Venezuela to protect national areas harmed by unregulated mining activities.
- Cajamarca, Peru, voted for a pro-mining candidate. The shift in power is expected to boost investment in the second-largest zinc and copper producer in the world.
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