Some food for thought Some food for thought (hyperlink below):
"Although the proposed reform to ban open-pit mining has generated uncertainty, experts have asked the sector not to be alarmed, as the reform has not been voted on or debated. Experts stressed that they are confident that the new reform will be modified, as better understanding between the government and the sector arises."
"The proposed reform cannot be enforced without thorough debate. As the role of mining in the country's development becomes clearer, it is likely that there will be modifications to the current Mining Law, as well as these new reform proposals."
"It is very difficult to reform the Constitution since a qualified majority is required."
"The approval of the reform is unfeasible, as the current government is in the last months of its administration and second MORENA does not have enough allies to approve the reform. I expect it will not even be discussed. I think it is going to be used to promote social issues, but I do not think it is not going to be approved. MORENA and its allies do not have the necessary votes to pass these reforms."
"MORENA and its coalition have 273 votes out of the 334 needed for a qualified majority in the Chamber of Deputies. In the Senate, they have obtained 71 of the 84 votes needed. At the moment, the package has been rejected by several opposition parties."
"Mining is a necessary sector for Mexico and it is highly sustainable. No one can live without mining; we use it in everything and on a daily basis."
So now is a very good time to buy (at an amazingly good price) all the shares sold by frightened, uninformed investors.
https://mexicobusiness.news/mining/news/open-pit-mining-ban-still-just-proposal-aimmgm-vhg-ec-rubio