Bad Investment choice. why? The majority of this deposit is owned by others and not Aquila. Take into what Hudbay gets, the royalties owed to American Copper & Nickel (Vale), the % owed to the State and land owners they cut deals with........ What's that leave Aquila? Not much.... in fact Aquila is worth next to nothing without this deposit and if they are tied to a company that has a really bad PR problem, have issues with mineral rights yet to be resolved, next to the County Park where thousands visit each summer weekend, right along the Menominee River, in an area identified as having threatened and endangered species, native burial mounds, residents and land owners that will protect what they have (courts?) and zoning that regulates a good portion of what they would need to have a mine,,,, Oh, the County road that runs through the project....... WI being a few hundred feet away making this a federal case (or so I'm told) Sounds like a lot to overcome,,,,,, my bet is it won't happen.....so Aquila is left to hustle some other project.? This is the partner of Aquila - think this will go over big in Menominee County? NOT!
LAWSUITS IN CANADA AGAINST HUDBAY MINERALS, REGARDING MURDER AND GANG-RAPES, WILL CONTINUE
BELOW: a press release from Klippensteins law firm (in Toronto, Canada)
Klippensteins is representing Angelica Choc in a lawsuit against HudBay for the 2009 targeted killing of her husband by private security guards hired by HudBay's Guatemalan subsidiary company, and is representing 11 Mayan-Qeqchi women from the community of Lote 8 who were gang-raped by private security guards hired by HudBay's Guatemalan subsidiary company, police and soldiers, as part of an illegal, forced eviction in 2007.
Since 2004, Rights Action has worked with and supported Mayan Qeqchi communities that have suffered serious human rights violations (including killings, rapes, forced evictions) caused by Canadian mining companies; Rights Action is supporting the families and community members in their efforts to have justice done in Canadian courts for these violations.
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HUDBAY MINERALS SELLS NICKEL MINE IN GUATEMALA
LAWSUITS IN CANADA AGAINST HUDBAY MINERALS, REGARDING MURDER AND GANG-RAPES, WILL CONTINUE
August 9, 2011, Toronto, Canada
Late on Friday August 5, 2011, HudBay Minerals announced that it had agreed to sell 100% of its interest in its troubled Fenix Mining Project located in Guatemala to the Solway Group, a private Russian company incorporated in Cyprus.
The sale of HudBay's interest in the Fenix Project for a reported $170 million is considerably less than the $460 million that HudBay paid for the project a mere three years ago.
"We believe this sale was prompted in part by the severe human rights issues at HudBay's Fenix Project that dogged the company at every turn. The murder of Adolfo Ich, and the gang-rapes of Rosa Elbira and the 10 other women at Lote Ocho committed by mine security personnel are albatrosses that weigh heavily on the neck of HudBay," said Murray Klippenstein, lawyer for the widow of Adolfo Ich and the 11 survivors of rape from Lote Ocho.
"It appears that HudBay Minerals took a huge financial hit as a result of speculating on a project in Guatemala that was beset by severe human rights abuse and risks of further abuse. We hope this serves as a lesson to Canadian companies that ignoring concerns over risks of severe human rights abuse can be incredibly expensive."
Despite the sale, the lawsuits against HudBay Minerals and its subsidiary HMI Nickel for the murder of Adolfo Ich and the gang-rapes at Lote Ocho will continue. "HudBay and HMI Nickel cannot avoid liability for their past actions by selling the project," said Mr. Klippenstein. "Our clients will continue to vigorously pursue their claims against HudBay and HMI in Ontario courts to ensure these Canadian companies are held accountable for their past wrongful acts."
FOR MORE INFORMATION ON THE LAWSUITS: www.chocversushudbay.com
WATCH A 5-MINUTE TESTIMONY OF ROSA ELBIRA, one of the gang rape survivors from Lote Ocho: https://www.youtube.com/watch?v=dSGuDk4cnz4
WATCH A 10-MINUTE FILM ABOUT SOME OF THE FORCED EVICTIONS
https://rightsaction.org/video/elestor/index.htm
TO HELP FUND LEGAL WORK ON THESE TWO LAWSUITS, & FOR MORE INFORMATION, CONTACT:
Klippensteins Barristers & Solicitors
Murray Klippenstein, murray.klippenstein@klippensteins.ca
Cory Wanless, cory.wanless@klippensteins.ca
TO FUND THE MAYAN QEQCHI COMMUNITIES & THEIR EFFORTS TO ACHIEVE JUSTICE, make tax-deductible check payable to "Rights Action" and mail to:
UNITED STATES: Box 50887, Washington DC, 20091-0887
CANADA: 552 - 351 Queen St. E, Toronto ON, M5A-1T8