Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico...
MEXICO CITY - Ongoing stoppages at Newmont Goldcorp Corp’s Penasquito gold mine in Mexico are costing “millions” every day to both public coffers and the company, a Mexican minister said on Thursday, urging a solution that will restart operations.
“Every day that it’s shut, there are millions lost for the company and for public coffers,” Quiroga told reporters. Truck drivers have blocked access to the mine since March 27 and the protesters say its operations caused a water supply to dry up. At the end of April the company suspended production, then payments and benefits to villages surrounding the site.
However, the miner said a local trucking company and a group of people from San Juan de Cedros, one of the villages near the mine, demanded the company pay $442 million for the “presumed effects on a body of water in the said community.”
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