Mexican President said mining companies cannot refuse to pay taxes

Mexico’s President Andrés Manuel López Obrador. (Image courtesy of the President’s Office).

During a press conference in the western Sinaloa state, Mexico’s president, Andrés Manuel López Obrador, said that there is a foreign mining company in the region that refuses to pay taxes and that goes against the law. He didn’t mention any specific names. 

Most mining companies extracting gold, silver and copper in the area hail from Canada. López Obrador took the public speaking opportunity to remind them that article 28 of the country’s Constitution was modified back in March and that tax waivers and exemptions are no longer an option for miners.

“Everyone has to contribute now,” the president said and reiterated his commitment to abolish monopolies and monopolistic practices created by foreign companies.

About 30% of Sinaloa’s surface area – 1.75 million hectares – is devoted to extractive activities, with some 45 mining operations currently active in the state. 

Back in 2017 (most recent data), the state was among the top 10 producers of gold and zinc within Mexico. Gold production reached 2,845.70 kilos, silver was 68,527 kilos, copper 1,365 tonnes and zinc 9,384 tonnes.

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