On 28 March 2023, the Mexican President introduced a bill to Congress, containing a decree that amends, adds and repeals various provisions of the Mining Law, the National Water Law, the Ecological Balance and Environmental Protection Law, and the General Law for the Prevention and Integral Management of Waste, in relation to mining and water concessions.
Mining is a priority activity for a country’s economic growth, as it provides the minerals and raw materials needed for different industrial sectors. If approved as proposed, this initiative would hamper the development of the sector by restricting the exploration, exploitation and processing of these minerals.
On 20 April 2022, the Decree amending and adding several provisions of the Mining Law, presented by the President of the United Mexican States on 17 April 2022 before the Chamber of Deputies was published in the Federal Official Gazette. The main purpose of the Reform is to exclusively reserve to the Mexican State the exploration, exploitation, benefit and use of lithium located in Mexican territory.
As the energy, mining and infrastructure industry in Latin America looks ahead to the new year, we present the Latin America EMI Hot Topics Guides for 2021 to facilitate discussions about the key trends we see in each sector. We invite you to read the guides to learn more about…