Mexican Congress Advances Proposal to Ban Open-Pit Mining

A proposal to ban open-pit mining has advanced in the Mexican Congress, with a committee in the lower house approving two constitutional reforms aimed at prohibiting this practice. The reforms also seek to restrict fracking activities. Mexico, known as the largest silver producer globally, could see significant impacts on its mining sector if the proposal is enacted. The advancement of this proposal has already affected some junior mining companies in Mexico, with their stocks experiencing a downturn.