Historic Profit-Sharing of 1.5 Million Pesos for Each Worker at Peñasquito, Mexico’s Second-Largest Mine
Mexico’s Mining Union wins the largest profit-share in the country’s mining history: 1.5 million pesos for each of Peñasquito’s 2,000 workers.
Mexico’s Mining Union wins the largest profit-share in the country’s mining history: 1.5 million pesos for each of Peñasquito’s 2,000 workers.
The arrival of mining companies in the area represents a benefit for criminal groups that impose fees & extortion to allow the extraction and transport of minerals.
The head of Mexico’s National Mining Union said that several mines are replicating the model of Canadian Orla Mining, hiring armed groups to interfere in union votes.
The Mexican Network of People Affected by Mining believes the government is expediting environmental permits without considering the cumulative impacts in regions that already face overexploitation of aquifers & environmental degradation.
The yet-to-be-disclosed 200 mining concessions voluntarily returned to the Mexican state represent less than 1% of the 22,000 currently active, while questions remain about the government’s new strategy.
Mining in Mexico has not led to economic development. Despite record wealth extraction, mining communities remain poor, and often poverty rates are far higher than the national average.
The controversy surrounding the U.S.-Mexico critical minerals agreement, examining what it actually says, what it doesn’t, and why it has sparked widespread concern over national sovereignty and resource control.
The risk is clear: Mexico’s mining, environmental, & investment policies can be progressively shaped to comply with Washington’s parameters, while a model of coordinated dependency becomes the regional norm.
The collective believes the action plan is a betrayal of campaign promises, and a threat to Mexico, its town and its common resources.