Zocalo Square and Mexico City Cathedral. Claudia Sheinbaum is North America’s first elected female leader. Credit: Adobe Stock
Sheinbaum secured the most ballots on Sunday in the nation’s 200-year democratic history, as much as 61% of the vote, according to a sample count by the country’s electoral authority. The tally also predicts her coalition of parties will secure two-thirds of both houses of Congress, allowing it to change the constitution without the opposition’s consent.
“From a mining sector perspective it is unclear whether this will mean any lifting of restrictions, such as the de facto ban on new open pit mines, though we would see this as only a possibility rather than a probability in the near term.” The campaign saw Sheinbaum speak more about policy continuity and protecting López Obrador’s legacy than about her own proposals, the magazine noted. Her predecessor governed by whim and bombast, it said.Mexico’s peso fell against the dollar after the initial election result as investors raised concerns about the ruling Morena party winning unchecked power in Congress.
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