A ruling by Mexico’s Supreme Court this month canceled two controversial mining concessions in Indigenous communities, which have been fighting to stop the projects for nearly two decades. The Nahua community in Tecoltemi won its Supreme Court case against the Secretariat of Economy for illegally granting mining concessions to a Canadian company that planned to […]
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Is Mexico’s Road To Recovery Paved In Precious Metals? By Oxford Business Group - Feb 13, 2021, 10:00 AM CST Updated: Feb 13, 2021, 10:00 AM CST
Mining was heavily disrupted last year as a result of Covid-19, with most mines and projects suspended for a number of months, before resuming activity under strict health guidelines.
As a result, overall investment took a significant hit in 2020. According to estimates from the Mining Chamber of Mexico (Cámara Minera de México, Camimex), sector-wide investment fell by around 50% relative to pre-virus estimates, dropping from $5bn to $2.5bn.
However, the industry is set for a rebound this year, with a number of companies announcing increased investment in projects across the country.