Mexican Senate generally approves reform of the Mining Law to nationalize lithium | News
The Senate of Mexico reported this Tuesday that the initiative presented by President Andrés Manuel López Obrador for the nationalization of lithium was approved, in general and in non-reserved articles.
President López Obrador assures that lithium belongs to Mexicans
Through its account on the social network Twitter, the Senate specified that the project was approved with 87 votes in favor, 20 against and 16 abstentions.
The day before, the Chamber of Deputies supported the project, in general, with 298 votes in favor, none against and 197 abstentions; while in particular it received 275 votes in favor, 24 against and 187 abstentions.
✅ With 87 votes in favor, 20 against and 16 abstentions, it is approved in general and the non-reserved articles of the opinion that reforms the Mining Law regarding the exploration and exploitation of lithium.
– Mexican Senate (@senadomexicano)
April 19, 2022
The Mexican president explained that this reform proposal declares the exploration, exploitation and use of lithium as a public utility, excluding the participation of foreign companies, so no concessions, licenses, contracts or permits will be granted.
With this, it is sought that the administration of the resource corresponds exclusively to the State, and for this they foresee the creation of a decentralized organism that is in charge of the process.
Likewise, the reform highlights the protection of the exploration, exploitation and use of lithium and its value chains, guaranteeing that this does not harm the health of the population, the environment or the rights of indigenous peoples.
During his morning press conference, the head of state asserted that lithium “is a strategic mineral” and that they are going to work to develop the necessary technology or acquire it for its use, because “lithium is ours.”