Mexicanization, Privatization, and Large Mining Capital in Mexico
Bibliographic Data
| ID | 4501182 |
|---|---|
| Authors | R Delgado Wise (0000-0002-9547-959X, Universidad Autónoma de Zacatecas "Francisco García Salinas"), Rubén Del Pozo Mendoza (Department of Mines, Metallurgy, and Geology at the Autonomous University of Zacatecas) |
| Year | 2005 |
| Volume | 32 |
| Issue | 4 |
| Pages | 65-86 |
| Publication date | 2005-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Latin American Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0094-582X • E-ISSN: 1552-678X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0094582x05278139 |
| OpenAlex | W1984699830 |
| Language | EN |
| Citations received | 10 |
| References cited | 3 |
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.' 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, Pefioles 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. This article describes the historical process that contributed to making the large national mining corporation the principal and almost the only protagonist in this branch of production and identifies some of its key characteristics. We are interested, above all, in giving an account of the political strategy for the formation and consolidation of large mining capital that emerged from
Business · Capital (architecture) · Copper mining · Corporation · Economic history · Economics · Economy · Geography · Government (linguistics) · Latin Americans · Market economy · Monopoly · Political science · Politics · Law · Mining and Resource Management · Natural Resources and Economic Development
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| Unique citing works | 10 |
|---|---|
| Citations per year | 0,59 |
| Citation span | 2009 - 2026 (18) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |