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Tahoe Resources TAHO

"Tahoe Resources Inc is a mining firm. It is engaged in the operation of mineral properties for the mining of precious metals in America."


NYSE:TAHO - Post by User

Post by Jigsawon Jul 24, 2017 4:49pm
469 Views
Post# 26503111

Curious...

Curious...If CALAS has targeted the Mining ministry regarding insufficient due diligence prior to permit issuance, why is Tahoe the only one targeted?  I guess they do have a notoriety due to the issues before Canadian courts, possibly making them a likely target.  
If as I understand Guatemala is trying to clean up it's judicial and political system, why a ruling is not made in favour of Tahoe and this case thrown out of court..after all there is no case at all for indigenous consultation as there are none in the area.  Then the most prudent direction to take would be to examine and improve the mining ministry's procedural process on how permits are issued.
If CALAS continues to gain traction, other miners ought to be prepared for the same...you would think this is already a topic of discussion in the political realm.
Who is backing CALAS and as a recourse for those who are on the losing end, how many of these service providers and employees have filed suit against this NGO for loss of revenue and wages?
As I understand, there is over 1,000 employees directly affected and some 18,000 indirectly.
It is not a country with a social system so the situation must be getting dire for many.  Shutting down mines is not a reality in this current world.  And the Escobal mines pays $45 mil yearly to the government coffers so I am sure any prolonged shutdown would not be in the best interest of the country.
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