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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 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.
Grupo México is a Mexican conglomerate that operates through the following divisions: Mining (Minera Mexico), Transportation , Infrastructure and Fundacion Grupo Mexico. Founded in 1978, Grupo México became a significant player in the mining industry, responsible for 87.5 percent of Mexico's copper production by 2000.
In early May 2023, the Senate passed with 66 votes in favor and none in opposition, a new law regulating the mining sector. [105] According to Senator Napoleón Gómez Urrutia , the law is supposed to curtail privileges the sector enjoys, since the last law concerning mining regulation passed in 1992, which relaxed laws on the sector. [105]
Backed by Bill Gates, this company is making waves by mixing artificial intelligence (AI) with good old-fashioned mining—and it's aiming for a staggering $2 billion valuation. Don't Miss:
The business, lead by CEO Kurt House, caught the attention—and investment—of names including Bill Gates and Jeff Bezos as it uses AI to find new deposits of copper, lithium, nickel and cobalt ...
Mexican Network of People Affected by Mining (Spanish: Red Mexicana de Afectados por la Minería, REMA) [1] is a Mexican group that campaigns for political change and ecological conservation [2] and against open-pit mining. [3] Two founders of the group were murdered within two years of the organization being founded.
President Andrés Manuel López Obrador said Thursday that he will propose legislation to Mexico's congress that would ban subcontracting or outsourcing of jobs by private companies, except with ...