Back

LatinNews Regional Monitor: Caribbean & Central America - 22 July 2019

In brief: Fénix mine license suspended in Guatemala

* Guatemala’s constitutional court (CC) has suspended the operating license of the Fénix nickel mine in El Estor municipality, Izabal department on the grounds that it violates the right to consultation with local communities. Run by the Compañía Guatemalteca de Níquel (CGN), a subsidiary of Swiss-based Solway Investment Group, the Fénix mine project was announced in 2014 with US$1.5bn investment and predicted to create over 5,000 local jobs with the exploitation license granted by Guatemala’s ministry of energy and mines (MEM) in April 2016. Last year, the CC upheld a July 2017 ruling by the supreme court (CSJ) suspending the licence of the Escobal silver mine, one of the largest in the world, which is owned by Canada’s Tahoe Resources. The CC suspended Fénix's licence on similar grounds.

End of preview - This article contains approximately 135 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.