Guatemala court clarifies consultation area, denies action on export permit

September 27, 2017

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The TSX-listed stock of beleaguered miner Tahoe Resources fell as much as 13.5% on Wednesday, after the Guatemalan Supreme Court issued a ruling clarifying the specific geographical areas to be included in a fresh round of indigenous consultations and the court denying action to force the Energy and Mines Ministry (MEM) to renew the company’s mineral export permit.
The Vancouver-based miner advised that the court has directed the MEM to undertake a new consultation process under International Labour Organisation’s Convention 169 with the Xinca communities in four municipalities in the region of the flagship Escobal mine, including Casillas, Nueva Santa Rosa, Mataquescuintla and San Rafael Las Flores.

Category: General