Guatemala: Probe sought into mine owned by Tahoe Resources Inc.

Author: Catholic Register, Published on: 8 January 2019

“Probe sought into Canadian-owned mine in Guatemala”, 9th January 2019

In the absence of a…federal ombudsperson, legal experts have asked the British Columbia Securities Commission to investigate the sale of a Canadian-owned silver mine in Guatemala. It is one of the mines that prompted Canada’s bishops to write to Prime Minister…Trudeau…demanding accountability for Canadian overseas resource companies…[A]…professor at York University…has officially asked securities regulators to look into a proposal by Pan American Silver Corp. to acquire Tahoe Resources Inc. Tahoe’s biggest asset is the world’s third largest silver mine, called the Escobal mine, just outside Guatemala City…The Escobal mine has been a flashpoint since Canada’s Goldcorp began mineral exploration in the area in 2007, rising to a boil after Tahoe was granted a 25-year licence for the mine in 2013. That licence was suspended by Guatemala’s courts in 2017, and the decision was confirmed by the Supreme Court of Guatemala in September…[I]nternational groups, expressed concern last year when…a protester against the mine, was murdered two months before the Supreme Court’s latest decision on Tahoe’s mine…It was shut down by a…court decision following complaints from the local Indigenous population of Xinka people, who said they were never consulted and the mine’s water use was damaging local farming and the environment…

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Related companies: Goldcorp (now Newmont Goldcorp) Pan American Silver Tahoe Resources (part of Pan American Silver)