Mining investment in Mexico should remain largely stable in 2024 compared to last year at around $5 billion but new regulation could hamper the development of new mining projects, the country’s Camimex mining chamber said on Wednesday.
Camimex President Jaime Gutierrez said in a presentation that investments this year would largely go toward expansions and modifications of existing mines, due to the “great limitation in terms of new projects.” Gutierrez said industry representatives had reached out to officials of Mexican President-elect Claudia Sheinbaum, set to take office in October, with their concerns regarding the sector.
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