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.
Pan American Silver said Tuesday it had consulted with Bolivia’s Minister of Mines and its unions and “has not received official notification from any government representative with respect to the possibility that the Bolivian government might seek to take control of San Vicente.”
Bolivian media reports claims the Morales Administration was considering terminating joint venture contracts and taking control of several mines formerly operated by the government, which could include the San Vincente silver mine.
