RE: Very odd comment17 Oct 2020 16:07
I'm optimistic that the fact we have Chinese and Japanese partners that Mexico will honour the licenses, I do expect Ganfeng to expand into battery manufacturing in Mexico for North America.
"The Economy Secretary is already doing an investigation," President Andrés Manuel López Obrador said during a press conference earlier this month. "We have to make a decision, what to do with the lithium because it's a strategic material and a great wealth."
He said minerals and natural resources belong to Mexico, but leaders would have to resolve what to do about concessions and contracts had already been awarded.
Peter Secker has also given reasonable reassurance in his last interview:
He was asked
within the recent media, there has been speculation regarding government nationalisation and possible security risks.
Peter Secker answered:
About Mexico. I mean, Mexico has a long history of mining. It's the largest silver producer in the world, and one of the largest gold and copper producers in the world, mining accounts for about 10% of Mexico's GDP.
Going back 30 years the Mexican mining industry has received significant amounts of foreign and domestic investment and they have in place a very well tested, legal and environmental framework for the issuance of mining licenses and leases. The Mexican President and the Secretary of the economy of Mexico and the wider government, in general, have stated that the government will not seek to nationalise mining licenses and leases that have been legally issued. And we're very confident that will remain the case. Bacanora has been operating in Mexico for over 10 years, and never encountered any security problems, while are working down there.
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