Mexico plans to raise mining taxes, potentially deterring $7B in investments over two years.

Mexico's government plans to raise mining royalties, increasing taxes on mining profits and sales of precious metals. This move could deter nearly $7 billion in investments over two years, according to the mining industry. The government aims to use the additional revenue for programs, but stricter water-use rules and shorter mining concession terms could make Mexico less attractive for investors compared to other major mining countries.

November 22, 2024
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