Mexico allows 100% participation in mining ventures

New mining legislation will open Mexico’s mining industry to increased foreign investment and expanded exploration.

For the first time, foreign investors will be permitted up to 100% participation in certain mining activities.

“Foreign investment in Mexican mining already exceeds half a billion dollars,” says Mexican Investment Board vice-president Aliza Chelminsky. “This new law opens our mining sector to an historic degree.” Under the new legislation, restrictions on surface land concessions for mining activities will be eliminated in order to promote exploration efforts. Relaxed requirements for the exchange of titles to mining grants will also attract more risk capital into the sector, say Mexican mining officials. The law allows up to 100% foreign direct investment in exploration activities for a period of six years and excavation activities for a period of 20 years.