MINING AND NATURAL RESOURCES

More silver is extracted from Mexican mines annually than from those of any other country in the world. Gold has also been plentiful through the centuries since the Spanish conquest. In recent years, mining has made a resurgence in the traditionally mineral-rich central states.

Foreign investors are now allowed 100 percent participation in Mexican mining companies devoted to the exploration, extraction and treatment of mineral deposits. The exceptions to the 1992 Mining Law include primary petroleum products (oil and natural gas), hydrocarbons (coal), radioactive minerals (uranium), mineral deposits contained in subterranean waters and open air quarries and salt mines.

Exploration and exploitation concessions are granted by the federal government. Usually, for foreign companies, the investment will be in concessions already granted. Our attorneys at Goodrich, Riquelme have ample experience in investigating the status of concessions, their validity and extent, and any conditions or encumbrances that might be applicable. We submit applications for original concessions and we handle renewals. We also help structure new mining ventures in addition to acquisitions or alliances in accordance with the objectives of our clients.

Importantly, we advise and verify that our client's activities will be in compliance with Mexico's environmental laws and regulations.