en.Wedoany.com Reported - Mexico's Ministry of Economy (SE) has simplified 42 administrative procedures related to mining and extraction activities and eliminated one procedure. This is the most extensive operational modification to mining procedures since the 2023 Mining Law reform. The relevant agreement was signed by Economy Minister Marcelo Ebrard on May 11, 2026, published in the Federal Official Gazette (DOF), and took effect the following business day.
U.S. President Donald Trump signed a proclamation on June 1 modifying Section 232 national security tariffs on imports of certain steel, aluminum, and copper. The proclamation reduces tariff rates for certain products and includes new categories in the tariff schedule. These changes took effect on June 8 and are valid until December 31, 2027.
Orla Mining resumed operations at its Camino Rojo gold-silver mine in Zacatecas, Mexico, on June 5, 2026, following a four-day production disruption caused by an illegal work stoppage and blockade by union workers. After resuming operations, the company reaffirmed its 2026 gold production guidance for the mine at 110,000 to 120,000 ounces.
A fatal accident occurred at Minera Frisco's El Coronel mining unit in Ojocaliente, Zacatecas. A worker was injured while repairing a heavy truck tire in the maintenance workshop and died on June 1, 2026. According to the company's statement, the accident occurred around 1:45 p.m. and was almost immediately fatal.
Elio Cespedes Bravo, Executive General Manager for Latin America Spanish Region at Datamine, noted that global conflicts, trade disputes, and international competition for critical minerals are transforming geopolitics into a major force shaping mining investment and supply chains in Latin America. Increased commodity price volatility, inflationary pressures, and the global push for friend-shoring are forcing regional operators to prioritize digital transformation and regulatory predictability.
Mexico's Ministry of Economy announced that the World Bank's International Center for Settlement of Investment Disputes (ICSID) ruled in favor of the Mexican government in an international arbitration case filed by Silver Bull Resources. The company filed a claim in June 2023 seeking compensation of over $315 million from Mexico. The dispute was brought under the North American Free Trade Agreement (NAFTA) and the United States-Mexico-Canada Agreement (USMCA).
Following a collective bargaining agreement between Newmont Corporation and the National Union of Mining, Metallurgical, Iron, Steel and Similar Workers of the Mexican Republic (SNTMMSSRM), approximately 2,000 workers at the Peñasquito mine in Zacatecas will receive profit-sharing payments of up to 1.5 million Mexican pesos (approximately $85,987.98) each. The total distribution amount is 3.358 billion Mexican pesos, equivalent to 10% of the company's profits as required by Mexican law, representing the highest per capita payment reported in Mexico's mining industry.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
