Mining in Mexico under discussion
(PresseBox) - New mining concessions are on the cards in Mexico. This could make existing projects more valuable.
The President of Mexico, Andres Manuel López Obrador, has caused a stir with his proposal to ban open pit mining concessions for new projects. Investments in new mining projects will have to be carefully considered. Existing projects are likely to increase in value. After all, mining accounts for around 2.5 percent of Mexico s gross domestic product, which is a significant proportion. So, on the one hand, it is a matter of environmental concerns, but on the other hand it is about jobs and supply chains.
It remains to be seen whether this will happen. Mexico is the largest silver-producing country in the world and also an important producer of gold and copper. And Mexico s mining history is more than 500 years old. There are therefore also well-trained specialists. The existing geological potential has also not yet been exhausted.
Mexico s mining law was already amended last year. For example, the priority of mining over any other type of land use was abolished. Since then, environmental protection areas have been mining-free. Since the law was amended, the extraction of strategic minerals such as lithium is now only possible by the state.
Companies with established projects in Mexico, such as MAG Silver - https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ -, should not be affected by the Mexican president s ideas. MAG Silver also owns a silver project in the Abitibi area in Canada and one in Utah.
Financing companies such as Queen s Road Capital Investment - https://www.commodity-tv.com/ondemand/companies/profil/queens-road-capital-investment-ltd/ - are a completely different way of investing in the mining sector. The company provides mining companies with capital and earns money itself with convertible bonds. The carefully selected mining operations are about to start production or are already producers.
Current company information and press releases from Queen s Road Capital Investment (- https://www.resource-capital.ch/en/companies/queens-road-capital-investment-ltd/ -) and MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Unternehmensinformation / Kurzprofil:
Datum: 22.02.2024 - 03:22 Uhr
Sprache: Deutsch
News-ID 700712
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"Mining in Mexico under discussion"
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