PenasquitoIt seems to be getting more and more difficult for mining companies and juniors to do business south of the border.
NEM had to announce a force majeur (action due to forces beyond its control) invoving the above named mine.
As if having the government reneging on agreements and issuing decrees affecting the industry were not enough, now, the Mexican labor force is following suit.
Looks as if Newmont is going to play hardball.
If NEM pulls out, those 5,000 employees will certainly have a more difficult time dealing with a state run operation.
The mining industry is not alone.
Other industries are having problems dealing with the deep rooted corruption at all levels.