Revenue tax seen as threat to Mexico’s mining industry

Aug 06, 2013 | 10:08 AM | Rodrigo Alonso

Tags  Mexican revenue tax, Mexican mining industry, mining revenue, resource extraction, Camimex, mining investment, Rodrigo Alonso

MEXICO CITY — Mexico’s plan to raise resource taxes could threaten future investment in its multibillion-dollar mining sector, an industry lobby group said.

The government proposes a 5-percent royalty on mining revenue to boost income from resource extraction. But miners warn that the tax, the first of its kind in Mexico, might deter investments.....

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