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.
Miners Xstrata Copper and Highlands Pacific have delayed the completion of the feasibility study for the Frieda River joint venture copper/gold project, in Papua New Guinea, by 11 months. Xstrata was initially schedule to deliver the study in January 2012, to maintain its 81.82 percent shareholding in the project.
