By Valentine Hilaire MEXICO CITY (Reuters) -Mexico will not be able under the law to cancel concessions for China's Ganfeng Lithium in the government's bid ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSMEXICO CITY -Mexico will not be able under the law to cancel concessions for China's Ganfeng Lithium in the government's bid to tighten control over its potentially lucrative lithium reserves, the president of Mexico's mining chamber said on Wednesday.
"I do not belief it is possible to cancel concessions under the law," said mining chamber head Jaime Gutierrez. One of the concessions canceled is for an open-pit project in the state of Sonora, the company said, containing an estimated 8.82 million metric tons of lithium carbonate equivalent. Mexico's economy ministry did not immediately reply to a request for comment on the canceled concessions.
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