Mexicanization, privatization, and large mining capital in Mexico

Delgado Wise, Raúl; Del Pozo Mendoza, Rubén

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dc.contributor	10070
dc.creator	Delgado Wise, Raúl
dc.creator	Del Pozo Mendoza, Rubén
dc.date	2017-04-19T03:37:09Z
dc.date	2017-04-19T03:37:09Z
dc.date	2005-07
dc.date.accessioned	2022-03-25T17:51:43Z
dc.date.available	2022-03-25T17:51:43Z
dc.identifier	info:eu-repo/semantics/publishedVersion
dc.identifier	0094-582X
dc.identifier	ESSN: 1552-678X
dc.identifier	http://hdl.handle.net/20.500.11845/96
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/124802
dc.description	Until 1961, the year in which the government passed the so-called Mexicanization of Mining Law, the industry’s fate was marked by foreign capital’s iron grip on the nation’s largest and richest mineral deposits. Since then, mining has experienced an abrupt shift in direction as control over the industry has been transferred to the state and Mexican capital. In spite of the nationalist spirit that motivated this measure, it became evident very early that the real reason for the change was to develop a sector of Mexicanized mining capital that would become one of the most dynamic and internationally influential branches of the nation’s monopoly capital.1 The Mexican Mining Group is the second-most-important mining corporation in Latin America, with sales of US$1,823 million in 1999, and the third-largest copper producer in the world. When it acquired the U.S. company ASARCO on November 17, 1999, it doubled its sales capacity, making it the leading mining-metallurgical company in the region (Zellner, 2000: 54–55). In 1999, Peñoles Industries occupied third place in Latin America, with sales of close to US$1,000 million. Besides being the world’s primary producer of refined silver, metallic bismuth, and sodium sulfate, it also operates Latin America’s most important non-iron metallurgical complex. FRISCO, part of the Carso Group, registering sales of US$205 million.
dc.format	application/pdf
dc.language	eng
dc.publisher	SAGE Publications
dc.relation	http://journals.sagepub.com/doi/abs/10.1177/0094582X05278139
dc.relation	http://journals.sagepub.com/home/lapa
dc.relation	generalPublic
dc.rights	Attribution-NonCommercial-ShareAlike 3.0 United States
dc.rights	http://creativecommons.org/licenses/by-nc-sa/3.0/us/
dc.source	Latin american perspectives 32(4): p. 65-86
dc.subject	migration
dc.subject	CIENCIAS SOCIALES [5]
dc.subject	info:eu-repo/classification/Industry
dc.subject	info:eu-repo/classification/Minerals
dc.subject	info:eu-repo/classification/Monopoly
dc.subject	info:eu-repo/classification/Metallurgical
dc.subject	info:eu-repo/classification/Privatization
dc.subject	info:eu-repo/classification/Industria
dc.subject	info:eu-repo/classification/Minerales
dc.subject	info:eu-repo/classification/Monopolio
dc.title	Mexicanization, privatization, and large mining capital in Mexico
dc.type	article
dc.coverage	México