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Fortuna Mining Corp T.FVI

Alternate Symbol(s):  FSM

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc., is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan. The Seguela Mine in Cote d’Ivoire consists of the Antenna, Koula, Agouti, Boulder, Ancien, and Sunbird deposits, which will be mined via open-pit methods. Its Yaramoko Mine is in the Hounde greenstone belt region in the Province of Bale in southwestern Burkina Faso. The Lindero Mine is in Salta, Argentina. The San Jose Mine in the Taviche Mining District, Oaxaca, Mexico, produces silver and gold. Caylloma Mine in the Caylloma District of Arequipa, Peru.


TSX:FVI - Post by User

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Post by scissors14on Nov 25, 2012 12:52pm
352 Views
Post# 21414696

Rights group investigates Canadian-owned mine in M

Rights group investigates Canadian-owned mine in M

Rights group investigates Canadian-owned mine in Mexico

https://ca.news.yahoo.com/rights-group-investigates-canadian-owned-mine-mexico-114929416.html

A gold and silver mine in Mexico that's owned by the Vancouver-based company Fortuna Silver — and the death of a prominent activist opposed to the operation — were the focus of a three-day interational observation mission this past week.

Observers travelled to San José del Progreso in Oaxaca province, where the company began production in September 2011, to investigate the violence that many say appears related to opposition to the mine and its impact on the local water supply.

The mission, led by the Council of Canadians and Blue Planet Project, met with community members for and against the controversial Fortuna Silver mine, as well as representatives from the Canadian company's local subsidiary, Minera Cuzcatlán.

Two anti-mine activists from the town were killed by gunfire earlier this year year and three others injured. Those killed included the outspoken leader the opposition campaign, Bernardo Vásquez Sánchez.

Residents say the mine has polarized the community. There are reports Vásquez had received death threats in the weeks before he was gunned down in his car last March.

Fortuna Silver executives say the violence in San José del Progreso is the result of social divisions that existed before the company arrived.

Meera Karunananthan with the Council of Canadians says the situation in San Jose del Progreso is not entirely a local problem.

"This is part of an international pattern with Canadian mining companies violating human rights in communities abroad," she said.

Members of communities affected by Canadian-owned mining projects have held protests outside the Canadian Embassy in Mexico City.

Karunananthan says these communities have no legal recourse within Canada.

"Mining communities benefit from an environment where communities are struggling to have their human rights recognized and established in courts. But they're also benefitting from an international environment where investor rights are recognized within international trade agreements."

A bill known as C-300, which would have given the Canadian government the authority to investigate complaints of wrongdoing and withhold public funds from Canadian companies operating abroad was defeated in 2010 by a margin of six votes.

A similar bill, C-323, is currently making its way through Parliament.

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