Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
A bipartisan letter from US Congress members Paul Cook and Albio Sires says the future of American investment in Guatemala is being threatened by corruption and impunity prevalent in the country. In the letter, Cook and Sires advise the Guatemalan government and President Jimmy Morales to take immediate action to fix the problem. They outline the consequences of what could follow with these unresolved issues: job losses for Guatemalan citizens, increased migration to the US, and US businesses investing elsewhere.
US company Tahoe Resources operates the Escobal mine in Guatemala. According to a letter Nevada Rep. Mark Amodei wrote to Commerce Secretary Ross in August, it was under attack by radical environmentalists from Europe which harmed both American and Guatemalan interests. He said, “Anti-development NGOs funded from foreign sources have asserted similar challenges against other companies operating in Guatemala, discouraging foreign investment and disrupting businesses that contribute to Guatemala’s development and prosperity.”
Comments
ConcernForHumanRights
Wow. These members of Congress are seriously bought and paid for by international mining companies. An out-and-out attack on human rights organizations that are working to help indigenous Guatemalan communities hold international mining companies accountable for crimes such as rape, attempted murder, etc. Mining companies pay ridiculously little in taxes in Guatemala, split communities, wreck the environment. The only reason they operate in countries such as Guatemala is that they know they will operate with impunity. Even the Guatemalan Mining Ministry isn’t allowed inside to inspect their operations. Hopefully the case against Hudbay Minerals brought in Canada by indigenous people in Guatemala terribly harmed by that mining company will succeed, and put an end to mining and other international resource exploitation companies operating with impunity around the world. DO a search for the case. It is ground-breaking. Solidarity!