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.
American International Ventures has established a subsidiary in Mexico, Oro De AIVN, to be responsible for its La Veta gold project, located in El Alamo, Baja California.
The company is currently completing the construction of a road leading to the mine. Once the company can transport machinery to the mine, the construction of a plant at the site will commence.
The company forecasts to produce 200 tons per hour of precious metals containing unconsolidated material during the first year of the mine’s operations.
Source (Spanish): Portal Minero via BrightWire News.
