Mexico Mining Industry Fiscal Regime Analysis including details of Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2021 Update
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Mexico’s high geological potential creates a generally favourable environment for mining. The terrain of the country is among the most tectonically active and complex in the world. Mexico is the largest producer of silver in the world and a top global producer of gold, copper, and zinc, amongst other minerals. Mining represented 2.3% of the national GDP and 8.1% of the Industrial GDP in 2019. Mexico’s mining industry is governed by different departments and regulations including the Secretary of Finance, and Public Credit (SHCP), Secretariat of Agrarian Development, Territorial and Urban (SEDATU), Health Secretary, Secretary of Labor and Social Security (STPS), Ministry of Economy (SE), Ministry of Environment and Natural Resources (SEMARNAT), The National Water Commission (CONAGUA), General Directorate of Mines, Public Registry of Mining (PRM), Mexican Geological Service, Mining Promotion Trust ((FIFOMI), Secretariat of Energy (SENER), and the Mining Chamber of Mexico (CAMIMEX), among others.
Scope
The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory.
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Find out the Mexico's governing bodies, major laws in the industry
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To gain an overview of the Mexico's mining fiscal regime
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