José Jabalera - Mexico taking Mining Licencing and Permitting Online
Matthew Gordon, Ptolemy Capital
3 Weeks ago
The Mexican Government, and specifically the Ministry of Economy, is serious about making it easier for foreign investment. The current government is not going to change the Mining Law during this parliament but it is reducing the bureaucracy.
In Q1/21, companies will be able to apply for the licences and permits online and see where it is in the system. Jabelera notes that one of the reasons for doing this is the remove the opportunity for corruption.
He discussed the ~ Mexican Govt approach to dealing with COVID-19 at a federal level and how they interact with the States and Municipalities. The different States have different views on mining but make no doubt that Mining is important to Mexico. It represents about 9-10% of GDP.
Companies will get help when they need it and are encouraged to work with the municipalities. And some nice clues as to how to jump to the front of the queue!
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