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 bottom has fallen out of the commodities market and while Canadian mining firms look set to ride it out, there could be a hit to Canada’s economy because of low metals and minerals prices.
At the end of December:
They’re all mined or produced in Canada, part of an industry that employs 380,000 Canadians, dominates the stock market and is a key driver of the economy, contributing $54 billion to domestic GDP in 2013.
