Mining investment in Mexico grew at a year-on-year rate of 2.1% in 2024, to US$5.063 billion, informed the Mining Chamber of Mexico (Camimex).

With this, this indicator grew for the second consecutive year, driven to some extent by mineral prices.

Mining investment in Mexico 

In Mexico, only the government or Mexican individuals and companies can extract minerals. This is established by the Constitution and current laws. To do so, a concession granted by the State is required.

However, the legislation allows foreign investment in the mining sector. Even majority shareholdings are accepted, except in the case of radioactive minerals.

In addition, the rules on foreign investment open the door to greater foreign participation in mining companies. This is valid for the entire duration of the concession.

Thanks to this legal framework, the growth of the mining industry is boosted. For example, it facilitates the exploration of new zones, access to international financing and the development of Mexican technology.

On the other hand, the Mining Law establishes clear terms. Concessions for exploration can last up to six years. Exploitation concessions can last up to 50 years.

«Today more than ever, regional value chains, energy security and responsible production depend on a reliable and sustainable supply of critical minerals. In this sense, Mexican mining can and should occupy a central place in the region’s integration strategy,» said Pedro Rivero González, president of Camimex.

The following is the investment in mining in Mexico (millions of dollars):

• 2018: 4,897.
• 2019: 4,657.
• 2020: 3,533.
• 2021: 4,810.
• 2022: 5,265.
• 2023: 4,960.
• 2024: 5,063.
• 2025 (Camimex projection): 5,308.

Changes and demands 

For Camimex, timing is key. The mining industry needs a solid legal framework that provides certainty for investment.

In addition, it is urgent to accelerate regulatory efficiency. It is also necessary to improve safety conditions in mining areas.

At the same time, it is essential to build a closer relationship with the authorities. Not only at the federal level, but also at the state and municipal levels.

Only in this way, according to the Mining Chamber of Mexico, will it be possible to promote a more favorable environment for the development of the sector.