A memorandum of understanding on developing ties between the mineral industries of Canada and Mexico was signed in Ottawa recently by officials of the two North American countries.
The officials met to discuss the state of mining in each country and worldwide. The secretary of Mexico’s Energy, Mines and State-Owned Industry, Emilio Lozoya Thalmann, headed the Mexican delegation to the ninth meeting of the Bilateral Ministerial Commission.
Lozoya and Canada’s minister of Energy, Mines and Resources, William McKnight, agreed to establish a working group for the exchange of information on mining matters. The group will consider ways that public and private organizations can share knowledge.
Describing structural changes under way in Mexico, Lozoya said fiscal adjustments have eliminated special taxes for Mexican mining, thereby placing the industry on equal footing with other national sectors and in a competitive position with other countries.
National land reserves have been opened to private companies for exploration. The government is promoting a geological information program. Administrative procedures have been simplified to reduce legal requirements and paperwork.
The Mexican government, Lozoya said, is stressing high standards of environmental protection for the mining industry.
Both delegations exchanged information and experiences in taxation and statistical matters and agreed on mechanisms for co-operation in mining. Both parties also showed willingness to promote co-operation in cartography and in technology related to mineral processing.
— From the Mexican Investment Board, Mexico City.
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