AMLO: ‘there is no expropriatory mining reform, only the concessions are preserved’

Written in NATIONAL he

Given the reaction of activity area at the initiative of law to reduce the validity of mining concessions, Mexican President Andrés Manuel López Obrador He insisted that the proposal ‘does not affect is to take care of water and avoid the wastefulness of granting concessions to mining companies, as well as many ghosts and the hoarding of vast areas of the subsoil for mining because there was an excess”. he said.

Lopez Obrador He added that Canadian mining companies “don’t pay miners what they pay Canadian miners; they don’t take care of the environment the way we take care of the environment in Canada; This is what we are proposing and the mining companies have gradually understood this, but there are some who have not.”

“There is no expropriatory reform”

He also remarked that “a policy like the one we have helps them, they have continued to do business and have made profits, in some cases, like never before!, they have not been affected, because the ‘approach is not only up to those below’ , not ‘down with those above’ but ‘down with privileges’, let the corruption stop, then nothing happens, it does not there is no expropriatory reform, the concessions are preserved”.

The head of the federal government reiterated that some companies, due to “financial speculation, obtained the concession and did not even explore or invest in anything, but with this concession they went to the stock markets and sold shares or marketed this concession; a little about what happened with the energy reform, if you take stock, 110 contracts were issued to exploit 20% of all the oil in the national territory, we arrived and the famous tours stopped, well, review who initially received the 110 contracts.

Lopez Obrador He said that of these contracts, there are about three that work, “but take stock, you will realize that it is no longer those who originally received the concessions who never invested and then the have resold and here if there are no ideological differences, why American companies have sold their shares to Russian companies, to English companies, to Chinese companies? The difference is the biyullos, to put it elegantly’ business’ is ‘business’, that’s why there is no problem with the mining thing but if we have to take care of the water”, he concluded.

Trix Barber

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