President López Obrador assures that lithium belongs to Mexicans | News

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President Andrés Manuel Lópéz Obrador assured this Tuesday that with the approval of the Mining Law in the Chamber of Deputies, it was ensured that the exploitation and distribution of lithium belongs to Mexico.


Mexican deputies approve initiative to reform the Mining Law

When celebrating the ruling approved in the lower house to nationalize the exploitation and production of lithium, the Mexican president assured that the contracts granted to national and foreign corporations in the case of the aforementioned mineral will be reviewed.

In his morning press conference at the National Palace, López Obrador explained that it will be thoroughly investigated if they comply with the exploration and exploitation procedures and assured that no permits will be granted in the matter.

"Contracts for other minerals are not suspended, that is still in force, it is for lithium, it is not for silver, it is not for gold, for copper, it is lithium; also so that there is no uncertainty, it is basically lithium" , he pointed out.

According to the president, lithium is a strategic mineral for the development of Mexico, so – he added – although his adversaries did not recognize it, they cared a lot that it was not nationalized.
López Obrador pointed out that only in the government of President Enrique Peña Nieto, 150,000 hectares were delivered to some companies, contracts that will be subject to review.

On the other hand, the president of the Board of Directors of the Senate, Olga Sánchez Cordero, reported that she received the minutes of the reform project to the Mining Law, approved in the afternoon in the Chamber of Deputies and that grants control to the State for the exploitation of lithium in Mexico.

Through a message on her Twitter account, the senator assured that the reform presented to the deputies by President López Obrador, was turned over to commissions for their analysis and corresponding opinion.

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