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Eduardo Luna - Silver Wheaton || Latam Ventures, Mining in Mexico PDAC2012
 

Eduardo Luna - Silver Wheaton || Latam Ventures, Mining in Mexico PDAC2012

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    Eduardo Luna - Silver Wheaton || Latam Ventures, Mining in Mexico PDAC2012 Eduardo Luna - Silver Wheaton || Latam Ventures, Mining in Mexico PDAC2012 Presentation Transcript

    • Mining in Mexico PDAC Toronto; March 2012 E. LunaMexico Mining Seminar at PDAC 2012 3/7/12 1
    • Mining in Mexico Access to land •  “Ownership” not really the issue •  Three types of ownership •  Private property •  It can, and should be, bought •  Ejidos •  Only individual parcels can be bought •  Temporary Occupation agreements are widely used •  Agrarian Communities •  Hardest to negotiate •  Get a local (firm or person) to negotiate •  Language barrier •  Different culture •  Lack of knowledge of legal provisions •  Cost of gaining access has increased •  Be prepared to pay top pesoMexico Mining Seminar at PDAC 2012 3/7/12 2
    • Mining in Mexico Royalties-1 The Economist, Leaders, February 11, 2012Mexico Mining Seminar at PDAC 2012 3/7/12 3
    • Mining in Mexico Royalties-2 •  It has happened in other countries •  Caused by high prices and economic crises •  Can not be a special tax (unconstitutional) •  In principle, we are opposed to it •  Thinking creatively •  Design it as an additional levy on concessions •  Use it as a credit to VAT and/or other taxes •  Triggered by a minimum price •  Apply proceedings directly to Municipalities •  Has to have built-in accountability •  Work with Congressmen is being doneMexico Mining Seminar at PDAC 2012 3/7/12 4
    • Mining in Mexico Unions •  Having a union is not unavoidable but it is difficult to escape from it •  Three different national Unions •  National leadership weak in every case •  One located in Fresnillo •  One located in Monterrey •  One located in Mexico City-Vancouver •  Relations with Locals should be close and respectful •  They should decide •  Due to current prices, great expectations about salaries and bonuses •  Tug-of-war between local and corporate management •  Agree on a collective contract that is: •  Simple •  Understandable •  With very few different jobsMexico Mining Seminar at PDAC 2012 3/7/12 5
    • Mining in Mexico Health and Safety •  Hindrances •  Machismo •  Low formal education •  Lack of training •  Health related •  Drug abuse •  Physical conditions •  Assistances •  Use of families •  Should be written within the Collective Contract •  Training •  Start with staff: Word convinces but example dragsMexico Mining Seminar at PDAC 2012 3/7/12 6
    • Mining in Mexico Community Relations •  Strongly intertwined with Access to Land •  Patronizing and Paternalism shouldn’t be applied •  Make communities part of the project •  Mess halls •  Garbage collection •  Some freights •  General housekeeping •  Shops •  Sewing -coveralls, vests, etc. •  Poultry farms •  Bakeries •  Set up a team of NATIONALS to handle this matter •  Foster education, formal and informal •  Promote the incorporation of a Community Development Committee. •  Town people •  Company •  Local governmentsMexico Mining Seminar at PDAC 2012 3/7/12 7
    • Mining in Mexico Operations •  It is best to develop or choose a local team of operators •  The only long term solution •  Convenient to support Mexican Earth Sciences Schools •  Students •  Teachers •  Using market oriented provisions •  Reinforce training and developmentMexico Mining Seminar at PDAC 2012 3/7/12 8
    • Mining in Mexico Mining and environmental regulations •  Participation in the writing of regulations is necessary •  Mexican Chamber of Mines •  State and Federal Congressmen •  State Governors •  Support for adequate application and interpretation •  Mexican Chamber of Mines •  Mining Task Force of Can Cham •  Have lawyers and advisors with the right RolodexMexico Mining Seminar at PDAC 2012 3/7/12 9
    • Mining in Mexico Mexico Economic Outlook •  Mexican-and Canadian-economy tangled with US economy •  Outlook is fair •  Government (and citizens!) has to bring about several changes •  Privileges have to diminish •  Unions •  Government monopolies •  Big business •  States have to be financially independent •  With accountability •  As the economy improves, there’ll be better: •  Security •  Labor pool •  Canadian miners in Mexico have helped in curtailing duopolyMexico Mining Seminar at PDAC 2012 3/7/12 10