Advertisement

BRIEF-Tahoe Resources says Guatemalan lower court issues ruling on Co's mining license​

From Reuters - July 5, 2017

July 5 Tahoe Resources Inc:

* Tahoe Resources Inc - Guatemalan lower court issues ruling on Tahoe's Mining License

* Tahoe Resources- Guatemala supreme court issued provisional decision on action by anti-mining organization calas against Guatemala's ministry of energy & mines

* Tahoe resources-action alleges MEM violated Xinca indigenous people's right of consultation in advance of granting Escobal mining license to co's unit

* Tahoe resources inc - intends to both appeal decision to constitutional court and ask for supreme court to reconsider its provisional ruling

* Tahoe resources - court's provisional decision suspends Escobal mining license of Minera San Rafael while action is being reviewed by court

* Tahoe Resources Inc - also plans to file a motion for reconsideration with supreme court, which is lower court that issued provisional decision

* Tahoe resources -based on a prior ruling, co believes its operating license should remain in effect while any additional consultation is completed

* Company "believes that all consultation obligations relating to permitting of Escobal license were met"

Advertisement

Continue reading at Reuters »