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

More:

• https://www.reuters.com/world/americas/mexican-senate-expeditiously-app…
• https://www.globalcompliancenews.com/2023/04/27/https-insightplus-baker…
• https://www.washingtonpost.com/world/2023/04/29/mexico-mining-reform-co…