'Local resisters are calling for a different economic model—one that prioritizes clean water and soil, healthy communities, peace, dignity, and self-determination.'
A Nevada-based mining firm is suing Guatemala for more than $400 million, the first suit of its kind for the impoverished Central American country.
The Central America-Dominican Republic Free Trade Agreement, which Guatemala entered into with the United States in 2006, enables U.S. corporations to sue governments in this forum not only for the alleged loss of company investments, but also for the loss of supposed future profits. Some 80 percent of the $400 million KCA claims to have lost is based on estimates of future earnings from exploration activities that it never carried out.
As a result, we have faced threats, targeted violence, legal persecution, police repression, and acts of intimidation. In fact, the project was only able to operate after harsh police repression against the movement cleared the way for equipment on several occasions, even injuring people. However, the gold mine only operated for two years, until the courts suspended the project in late 2015 over failure to adequately consult with us.
In June of this year, the consultation process ordered by the Constitutional Court began under the management of the Ministry of Energy and Mines . So far, the government has demonstrated little interest in involving the most directly affected communities living in the immediate vicinity of the mine.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin Mining Difficulty Records Biggest Drop of 2022. Here’s WhyBitcoin's mining difficulty has recorded the biggest drop since the implementation of China's mining ban
Leer más »
Local Opinion: The state of the city is not strong, but it could beOPINION: 'We are at a tipping point; our housing crisis, a struggling economy, and surging homelessness need to be urgently addressed at scale, or we risk a problem so large it will take years and decades to recover from,' writes…
Leer más »
Local Opinion: Young voters can help change gun lawsOPINION: 'We need new, bold politicians who will work to save lives. We desperately need young voters to continue being involved politically to bring about the change we need to protect all of us,' writes retired prosecutor Rick Unklesbay.
Leer más »
Bitcoin's Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022 – Mining Bitcoin NewsAt block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022.
Leer más »
Grupo Mexico in advanced talks for Citigroup’s Banamex unitTycoon German Larrea’s conglomerate Grupo Mexico SAB is in advanced talks to acquire Citigroup’s Mexican retail bank Banamex.
Leer más »