* Canadian dollar rises 0.1% against the greenback * Loonie trades in a range of 1.2637 to 1.2690 * Price of U.S. oil falls 1.2%; copper gains 1.5% * Canadian 10-year yield touched its highest since Aug. 11 TORONTO, Sept 17 (Reuters) - The Canadian dollar edged higher against its U.S. counterpart on Friday as the central bank of top commodity consumer China moved to calm markets, while Canada's 10-year yield climbed to a five-week high. Copper prices rose after the People's Bank of China infused liquidity to ease nerves caused by property giant China Evergrande Group's debt woes. Canada is a major exporter of commodities, including copper and oil.
Mining companies in Mexico should expect tough environmental reviews given their projects' major impacts, a senior official told Reuters, insisting that a backlog of evaluations is easing despite industry claims that the opposite is true. A top-10 global producer of over a dozen minerals, Mexico's multi-billion-dollar mining sector makes up around 8% of Latin America's second-biggest economy, but miners are concerned they are facing increased hostility from Mexico's leftist government. Tonatiuh Herrera, deputy environment minister who oversees regulatory compliance, said in an interview that pandemic-related closures last year did contribute to a backlog of environmental evaluations for mines but the ministry never stopped processing permits.
U.S. mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green technologies. The House of Representatives Natural Resources Committee added language to the proposed $3.5 trillion reconciliation spending measure last week that would set an 8% gross royalty on existing mines and 4% on new ones.