Despite tensions in the senate, the tax package is expected to be finalized later today.
Grupo Mexico Mining News
Top miners operating in Mexico to leave if 7.5% tax approved
Goldcorp and Grupo Mexico may need to take billions of dollars in planned investments to other markets.
Mexico proposed 7.5% mining tax scares away investors, kills juniors
While it may not be a major challenge for mid-tier miners with established operations, it would be "prohibitive" for smaller players, analysts say.
Mining projects shelved in Mexico up 40%, $8bn at risk
69 mining projects have been suspended so far this year.
Grupo Mexico railroad merger approved
A Mexican tribunal ruled in favor of Grupo Mexico in its fight to merge its two railroad units, throwing out a complaint by competition authorities, the company and the antitrust regulator said on Monday.
Grupo Mexico (GMEXICOB.MX: Quote), which owns copper mines in Mexico, Peru and the United States, also operates Ferromex, Mexico's largest railroad company. In 2005, Grupo Mexico bought another rail line, Ferrosur, through a subsidiary.
