Mexico defends stronger competitiveness for the local mining sector

Tuesday, 18 June 2019 23:27:41 (GMT+3)   |   Sao Paulo

Mexico’s economy secretariat, SE, said late last week that stronger competitiveness for the local mining sector is a key priority for the Mexican government.

SE’s mining sub-secretary, Francisco Quiroga, said in an industry event that the Mexican government seeks to bring the local mining segment to “the next level.”

Quiroga said Mexico seeks to reduce costs for the mining sector. “We have reached out directly to investors to work on each business line, (to reduce) each (their) costs,” he said.

He urged local mining businesses to work in three areas: work safety, environment and payment to suppliers, as a way to reach “the next level” of competitiveness in Mexico.

“We’re working to make the pay back of VAT taxes quicker, as well as the immediate reimbursement of several expenses,” Quiroga said.

Mexico’s key mining companies include ferroalloys producer Minera Autlan and AHMSA’s subsidiary, Mexican miner Minosa.

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