MINING IN MEXICO S - ProMéxico
MINING IN MEXICO S - ProMéxico
MINING IN MEXICO S - ProMéxico
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26 Negocios infographic oldemar<br />
Economic And Financial Indicators<br />
<strong>M<strong>IN</strong><strong>IN</strong>G</strong> <strong>IN</strong> <strong>MEXICO</strong><br />
23,659<br />
21,922<br />
Total Foreign<br />
and Mining<br />
Industry<br />
Investments<br />
Millions USD<br />
16,475<br />
Total<br />
Foreign<br />
Investment<br />
427.7<br />
Mining<br />
Industry 731.7 1,167.8<br />
2003<br />
2004<br />
2005<br />
Mining Trade Balance<br />
Millions USD<br />
Exports Imports Balance<br />
3,185,712<br />
4,227,249 5,249,338<br />
-727,423 -918,114 -799,846<br />
-3,913,135<br />
2003<br />
-5,145,363<br />
2004<br />
-6,049,184<br />
2005<br />
Value of Mineral<br />
Production<br />
Millions USD<br />
2,781<br />
2003<br />
3,671<br />
2004<br />
4,895<br />
2005<br />
7,200<br />
2006<br />
8,262<br />
2007<br />
Legal Framework of Mining Concessions<br />
Through mining<br />
concessions<br />
(claims), the Mining<br />
Law guarantees the<br />
mineral rights to<br />
Mexican individuals<br />
and companies<br />
established within<br />
the country.<br />
Companies can be<br />
constituted up to 100%<br />
with foreign capital.<br />
Initially, mining<br />
concessions are<br />
yielded for 50 years<br />
and can be extended<br />
for other 50 years.<br />
There is no limit<br />
to concession<br />
areal extension.<br />
Claims are granted<br />
for all mineral rights,<br />
excepting radioactive<br />
minerals, on the<br />
bases of “first came<br />
first served.”
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