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.
Fresnillo PLC has announced that its board of directors has approved the feasibility study for the company’s silver project in San Julian, Mexico.
The project involves an investment of USD 500 million and will help the company meet the 2018 production objectives of 65 million ounces of silver and 500,000 ounces of gold.
Source (Spanish): El Heraldo de Chihuahua via BrightWire News.
