RE: Sonora 20253 Jan 2025 11:05
Https://mexicobusiness.news/mining/news/year-mining-government-shift-brings-renewed-hope?tag=litiomx
The political reforms in 2024 also had a significant impact on the mining industry, particularly with the approval of judicial reform, which transitions Mexico’s judiciary from appointed to elected officials. This shift raised concerns over its potential impact on mining disputes. “Concerns have been raised that judicial reforms could undermine the independence of judges, potentially making them more susceptible to influence from the executive branch of government. If judges are swayed or pressured by the government, it could lead to biased or unfair decisions during a legal proceeding. For example, this would cause issues in the case of a legal challenge to a company’s mining concession. It is vital to cultivate open dialog between the mining sector and government authorities,” said Luis Chávez, Senior Vice President, Alamos Gold.
While analysts anticipated Sheinbaum will maintain aspects of López Obrador’s policies, they also expected divergence on specific issues. “Nearly everyone I speak with in Mexico anticipates it will take six to nine months to understand her approach. The critical question is how much and how quickly she will diverge from López Obrador,” said Peter Megaw, former Chief Exploration Officer, MAG Silver.
Although Sheinbaum has yet to address mining concessions and permits directly, she has voiced her position on open-pit mining. She stated that her administration will review the proposal comprehensively, emphasizing the importance of this technique for extracting critical materials
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