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In 2022, mining exports totaled $17.6 billion, generating a trade surplus of $12.8 billion. ... Mexico's mining sector faced heavy restrictions. In 2023, AMLO nationalized lithium, declaring it a ...
The union undertook industrial action in March 2022, after unsuccessful requests for a wage rise. [4] Union members accused Excellon Resources subsidiary Servicios San Pedro of harassment. [ 5 ] At the time the company reported draining problems, challenges from the regulatory environment and global precious metal prices.
Mining company Grupo Mexico closed its remediation fund in 2017, arguing that it had met legal requirements. Mexico is pursuing a criminal complaint against the country's biggest copper producer ...
The Mexican Mining Chamber (Camimex) opposes the ban on open-pit mining, saying such a prohibition would cause a 1% contraction in the country's GDP and threaten some 200,000 jobs.
In 2023, mining in Mexico represented 2.4% of the nation's gross domestic product, and 8.2% of Mexico's industrial GDP.The mining sector employed 350,000 people in 2020, and generated US$1.5 billion in direct government tax revenue, and an additional US$1.84 billion of government revenue from exports of mined natural resources.
The same month, Alamos Gold completed construction ahead of schedule of La Yaqui Grande, part of its Mulatos mining complex in Sonora, Mexico, [53] and was the recipient of the 2022 Silver Helmet Award by the Mexico Mining Chamber (CAMIMEX) which rewards companies with the best safety indicators in mining processes. [54]
In 2022, the group was critical of the limitations of the nationalisation of Mexico's lithium, noting the reform did not take control of existing mines. [9] [10] The group predicted that Canadian and U.S. corporation would be the main beneficiaries of the reforms. [11]
According to a 2022 report by the nongovernmental group Global Witness, Mexico was the deadliest place in the world for environmental and land defense activists in 2021, with 54 killed that year.