TSXV:BAY - Post Discussion
Post by
Fishercat1 on Feb 22, 2024 12:09pm
Well First Quantum closed in Panama
Now Mexico making noise. Guess the Bezos and Gates of the world better start focusing on Canda ? Bet they already are . Read This (
AMLO's Successor Backs Open-Pit Ban in Mexico In a recent Briefing, we reported how Mexico's president, Andres Manuel Lopez Obrador (AMLO), renewed calls for a ban on ALL open-pit mining just days before the disaster in Turkey made international headlines. But it appears his proposal is unlikely to pass, at least in the short term, as his government lacks the two-thirds majority in Congress required to make it fly - Mexican mining sector balks at plan to ban open-pit mines. The problem for miners, who say the move would generate uncertainty and curtail investment in an industry that fuels 2.5% of Mexico's GDP, is that AMLO's frontrunner/successor, former Mexico City Mayor Claudia Sheinbaum, has jumped on the anti-open-pit bandwagon as part of her platform ahead of a June presidential election.
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