Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Newmont (NYSE: NEM) confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the Santa Cruz region of Argentina.
Details regarding the cause of the death are currently under investigation. Both workers were part of the Newmont’s technical services team.
Mine activities have been suspended at Cerro Negro. Relevant authorities have been notified and a full investigation into the incident has begun, the world’s biggest gold miner said.
Additional information will be provided once available, and relevant learnings from the investigation will be embedded into Newmont’s safety standards, it added.
