The Mexican Mining Chamber (Camimex) proposed the creation of a committee for mining in the United States-Mexico-Canada Agreement (USMCA).

The USMCA already includes chapters establishing committees responsible for overseeing implementation, recommending amendments, promoting cooperation, and facilitating the exchange of information.

In Camimex’s opinion, extending these functions to a specific committee for mining “would greatly benefit the sector” by ensuring ongoing dialogue, transparency, and adaptability in the regulatory environment.

Committee for mining

Camimex believes that the Committee could be entrusted with the crucial responsibility of formulating essential recommendations for the Commission’s consideration on these important issues, ensuring the adoption of specific provisions and high-impact recommendations:

• Implement incentives to expand mining operations and intermediate processing facilities in North America, addressing current capacity shortfalls.
• Establish strategic storage programs and coordinated purchasing initiatives to ensure reserve capacity during supply fluctuations and support price stability.
• Develop coordinated action mechanisms to stabilize commodity markets, reducing volatility and creating a more predictable environment for long-term investments.
• Promote collaborative research and development initiatives focused on mineral processing, recycling, and low-impact extraction technologies, positioning North America as a leader in sustainable mining practices. 
• Drive high-impact transnational investment initiatives through collaborative public-private projects in the region.

Profile

Camimex was founded in 1906. Since then, it has brought together operating units that account for almost 90% of the value of Mexico’s mining and metallurgical production. In addition, Mexico has a strong mining tradition. It also ranks among the leading producers of 23 minerals. At the same time, it is one of the 10 largest producers of 16 metals and minerals that are strategic for new technologies.

Camimex stated that the upcoming joint review of the USMCA marks a “crucial moment” for boosting the mining industry in North America. Therefore, it pointed out that this process opens up a clear opportunity. In particular, it proposed creating a specific chapter on mining and minerals critical to the region. According to the organization, this mechanism would provide greater legal certainty to investors and reinforce common interests in the bloc.