Tahoe Resources TAHO

Sentencia .interpretacion is positive

[guillermo1149]

"It is ordered that immediately the State proceed to carry out the consultation, and once made the consultation, that the mining project continues its operation," Bonerge Meja, acting president of the CC, told a conference.
Judgment is positive since it unblocks the paralysis after a referendum, if it is positive or negative it does not matter any longer and will start the production of the mine

[ch08532]

Hmmm....so a glimmer of hope? The CC is out of the loop?

[guillermo1149]

Is correct, now it is in the hands of the state to make the popular consultation quickly, similar case is a hydroelectric in Guatemala that was allowed to work and in parallel to make the popular consultation. THO could do the same with state consent, so THO could go into production in a minimum time

[guillermo1149]

The popular consultation will be complied with since it was not carried out, according to ILO standard 169, only the polpular consultation will be complied with, the result is not binding or determinant, therefore after the popular consultation THO will return to its production at the San Rafael mine

[ch08532]

the Escobal mining license will remain suspended until the Ministry of Energy and Mines (“MEM”) completes the ILO 169 consultation with the Xinka communities in the region of the Escobal mine. At this time, the Company does not have a timeline for completion of MEM's ILO 169 consultation. However, in the similar case of OXEC, MEM completed the consultation within 6 months. so another 6 months