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World's Top Silver Producing Country Passes Harsh Anti-Mining Rules

The Mexican Senate passes new mining law overnight on Saturday, without the opposition present:

  • Duration of mining concessions reduced from 50 to 30 years
  • State-owned companies would enjoy priority over the private mining industry
  • Mining Companies REQUIRED TO PAY 5% of PROFITS to Local Communities
  • Water-use concessions more difficult to obtain & maintain
  • Large Increase in the Causes for Government to Cancel Concessions
  • Mining Exploitation LIMITED TO MINERALS SPECIFIED in Concession Title



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