On March 28, 2023, Mexico’s President presented to the Chamber of Representatives an initiative to amend several provisions of the Mining Law, the National Water Law, the General Law of Ecological Equilibrium and Environmental Protection, and the General Law for the Prevention and Integral Management of Waste regarding mining and water concessions (the “Initiative”).
The Initiative aims to significantly modify the mining concessions model to (i) resume state control of Mexico’s mineral and water resources, and (ii) protect the population’s right to a healthy environment and clean water, preserve the nation’s natural resources, and assure the right of the original populations to preserve their territories.