José Jabalera - Mexico taking Mining Licencing and Permitting Online
Matthew Gordon, Ptolemy Capital
4 Months 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!
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.