Comments on: Mexico seeks deal with Ganfeng Lithium over canceled mining concessions

By: Mexico Motorcycles and Travel

Mexico Motorcycles and Travel — Mon, 01 Jul 2024 16:49:33 +0000

For those of us familiar with the mining sector you never invest in Mexican miners.

By: bon wa

bon wa — Sun, 30 Jun 2024 13:50:14 +0000

Many countries in the past have been exploited for their natural resources in this way. But the devil is in the details. The mining rights should run for a limited period of time. And like Norway Did with its oil resources, Mexico needs to partner with Ganfeng in an advantageous way that will allow Mexico to take over and produce its own lithium mining in the future.

By: Scott Smith

Scott Smith — Sat, 29 Jun 2024 14:11:00 +0000

The world operates on legal agreements. Why would Mexico legally agree with a foreign company in the first place if that resource was “sovereign”. The answer is because the country does not have the technical know how to accomplish on its own. Going forward, why would any country or foreign corporation do business with Mexico if they decide to change the rules after an agreement is in place?

The nationalization of companies and resources in the past led to a disaster as the country couldn’t figure out how to do efficiently operate (see Pemex and CFE). Which then lead to over a 1,000 companies being denationalized a couple decades ago.

By: david dudley

david dudley — Sat, 29 Jun 2024 06:57:41 +0000

Mexico has an inherent sovereign right to own its own resources and do with them as it pleases. Mexico has an inherent sovereign right to cancel contracts with foreign entities in its own best interest. If Mexico wants to resolve the situation with an agreement that’s fine but nothing challenges there sovereign right to their own minerals and resources.