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Article

22 Aug 2019

Author:
SP Global

Mexico: Government holds off issuing new mining concessions and pledges to develop indigenous consultation policy

“Mexico ties ESG policymaking to pause on new mining concessions”, 19th August 2019

…Before Mexico reverses a new policy to stop issuing new mining concessions, its government wants to ensure existing ones are actively operated, review a backlog of claim applications and implement policies on indigenous consultation…Mexican President Andrés Manuel López Obrador recently said the country would no longer issue new mining claims, while also promising not to cancel existing concessions. The policy came as a surprise to miners and explorers and, with few details to go by, raised questions over what it means for the mining sector in a country that attracts a significant share of global exploration spending and is a major metal producer. Echoing the president's position, Quiroga said miners and explorers that are active on their claims "have nothing to worry about" but that Mexico will hold off issuing new mining concessions for an unspecified period of time…Quiroga said the government is focused on reviewing inactive claims while also developing indigenous consultation policy and clearing a backlog of existing applications for mineral claims. "We need to make sure, first, the concessions that are already given are really operating," he said. "We think that it would be irresponsible, if most of the concessions are not operating, [to] give more concessions."…