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.
Mexican protesters agreed to lift a blockade at Newmont Goldcorp’s Penasquito mine on Friday, according to a government document seen by Reuters, ending a standoff that led to the mine stopping production for more than a month.
An official at the Interior Ministry, which issued the document signed by protesters and company representatives, confirmed its authenticity.
(By Frank Jack Daniel; Editing by David Alire Garcia)
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