Investors Urge Responsible Mining in Guatemala

Shareholders in Canadian Goldcorp Inc. mining firm are exercising their influence in support of human rights in Guatemala.

Monday, April 28, 2008

A group of shareholders from Canada and Sweden have reached an agreement with Goldcorp Inc., which has agreed to commission an independent human rights impact assessment of its operations in Guatemala.
The investors spent more than two years trying to convince Goldcorp to improve their practices, even conducting a field trip to Goldcorp’s Marlin mine in Guatemala where they met with local NGOs, indigenous people, government authorities and company representatives. The trip culminated in a shareholder resolution submitted to the company.

More on this topic

Mining in Guatemala

August 2016

A study on the importance of the mining sector in the country, carried out by the CABI, concludes that "the net profit for mining entrepreneurs is between 20% and 30% in normal times."

The analysis prepared by the Cabi said that the mining industry contributes 3.3% of GDP to the country directly and indirectly, a relatively small amount in the opinion of Paulo de Leon, at the Cabi, who believes that the sector has greater potential.

Goldcorp takes steps to improve human rights at Marlin

July 2010

Goldcorp To Implement Human Rights Assessment Recommendations; Commits To Integrate Human Rights In Business Process

VANCOUVER, BRITISH COLUMBIA, June 30, 2010 – GOLDCORP INC. (TSX: G, NYSE: GG) today presented its initial response to the recently completed independent human rights assessment (HRA) prepared by On Common Ground Consultants Inc.

Tougher Controls for Canadian Mining Companies

January 2010

Canada’s Supreme Court has ruled that Canadian mining corporations must conduct more detailed environmental impact studies.

Several mining companies from Canada operate in Central America. Some of them include Breakwater Resources (Honduras), Inmet Mining Corp (Panama), Petaquilla Minerals Ltd (Panama), B2Gold Corp (Nicaragua), Argonaut Gold (Guatemala) and GoldCorp (Guatemala and Honduras).

Congressional candidates in El Salvador will allow mining

November 2008

Future lawmakers are willing to facilitate mining in the country, but with certain conditions that will prevent contamination.

With the joke that if a congressman found gold under his house he would vote in favor of a law to allow him to excavate all the metal, invitees to the debates of congressional candidates for the central zone made it clear that they are in agreement to regulate mining, which has been an important topic due to the interest by several companies in digging on Salvadoran soil.

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