| POLICY PRIORITIES
SERGIO ALMAZĂ N Director General of CAMIMEX
The main priority of the industry as a whole is to recover the global competitiveness we previously exhibited as a mining jurisdiction. This makes sense as mining is one of the oldest and most economically-important sectors in the country. It is unfortunate that maintaining its global ranking is one of its main challenges considering the geological potential that lies within. The past decade was
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particularly complicated. At the beginning, Mexico was labeled as the main destination for exploration investment in Latin America and fourth globally after Canada, Australia and the US. We are uniting our efforts to talk to the new administration and the new leaders of the ministries to show them the role and the importance of the mining industry in Mexico. Mining is indispensable for the development of any society and we should feel lucky to have such important geological deposits within the country.
BREAKING PARADIGMS Many are not aware of the concern major companies in the sector have regarding the development of the communities near mines. We want to illustrate that the main beneficiaries of a robust mining industry are the surrounding communities. Investing in these communities is now entrenched in the law thanks to the Mining Fund. It is an important source of employment and infrastructure in remote areas. The mining industry is modern, competitive and uses state-of-the-art technology. It is sustainable and in favor of the development of surrounding communities. We want the new authorities to recognize these advantages. They need to work together with the industry to develop a more effective mining policy that can help Mexico reach the level of competitiveness it needs.
UNIFYING THE MINING POLICY We seek to establish a mining law that is recognized by all the ministries and not just the Ministry of Economy. Every ministry from Source: Oraculus, X-RATES
Environment to Tax plays an important role
