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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 xauxag9on Feb 12, 2018 2:54pm
206 Views
Post# 27546238

aggravated public finances..... need silver exports ?

aggravated public finances..... need silver exports ?Taken from www.miningworks.gt Translated using Google Translate. More than three months have passed since the public hearing in the case of Minera San Rafael, and the Constitutional Court (CC) has still not issued a ruling, and without even knowing the case. This passivity of the magistrates, has represented the cessation of operations of the project and in sequence the dismissal of 250 direct collaborators, plus 3500 indirect workers, who have been dismissed in business suppliers of the mine. 220 days have passed since the cessation of work, a situation that has generated serious economic problems in a prosperous municipality where the interests of a group dedicated to promoting division have generated confusion among the residents who always saw the company as a source of development and prosperity. The children of the place are also victims of the silence of the CC, because thanks to the royalties received by the commune of the place, the salary of teachers was paid to attend the educational demand, now in the absence of those funds, there was need to lower salaries or dispense with some teachers. The situation is also aggravated for public finances, which continue to add millions in losses due to royalties and taxes. In an attempt to create awareness among the population and especially in the magistrates of the CC, of the importance it has for the development of the country, the extractive industry, the Chamber of Industry of Guatemala, promotes a campaign whose objective is to obtain a prompt response to the case of Minera San Rafael, which according to the spokesman of the court "needs time to be analyzed, because it is a delicate case",
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