By Henry Lazenby | Mining Weekly | September 27, 2017
VANCOUVER (miningweekly.com) – The TSX-listed stock of beleaguered minerTahoe Resources fell as much as 13.5% on Wednesday, after the Guatemalan Supreme Court issued a ruling clarifying the specific geographical areas that need to be included in a fresh round of indigenous consultations; the court also denied action to force the Energy and Mines Ministry (MEM) to renew the company’s mineral export permit.
The Vancouver-based miner noted that the court directed the MEM to undertake a new consultation process, under the International Labour Organisation’s Convention 169, with the Xinca communities in four municipalities in the region of the flagship Escobal mine, including Casillas, Nueva Santa Rosa, Mataquescuintla and San Rafael Las Flores.
The Supreme Court also declined to review Tahoe’s request to order the MEM to issue the annual renewal of Escobal’s export credential. The company said it was evaluating its legal and administrative options.
The Constitutional Court is expected to rule on all appeals of the Supreme Court’s decision on the definitive amparo by the end of the year.
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