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.
The Ministry of Environment and Natural Resources in La Paz, Bolivia, has refused to grant authorization to Desarrollos Zapal to operate the Los Cardones gold mine.
The open mine is located in the Sierra la Laguna reserve in Bolivia.
The Ministry argued that the company does not meet the necessary requirements to operate the mine.
Desarrollos Zapal has stated that it will appeal the decision and submit a new request.
Source (Spanish): Milenio via BrightWire News.
