Mexico's lawmakers approve overhaul of mining industry


FILE PHOTO: Rocks of different shades and colors are seen at the Cananea copper mine in Mexico's state of Sonora February 16, 2010. REUTERS/Daniel Aguilar

(Reuters) - The Mexican parliament's lower house voted to press ahead with the proposed overhaul of the country's mining laws which include shortening concessions, tightening water permits and giving back some profits, moves criticized by industry leaders.

Mexico is the world's top silver producer and one of the largest producers of copper and gold. Since President Andres Manuel Lopez Obrador took office in late 2018, he has refused to offer any new mining concessions, arguing that too many had been granted by previous governments.

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