Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Mexico

Mining Company Accused of Wrongdoing by Puebla Citizens

The mining company has continually withheld vital information about its activities to the local community, authorities and investors

Aerial photo of the Round Mountain gold mine in Nevada, photo: Wikimedia commons
By The News Whatsapp Twitter Facebook Share
9 months ago

Residents of the municipality of Ixtacamaxtitlán, Puebla — who have been severely affected by the activities of the Almaden Minerals— claimed the mining company has provided false information to the local community, investors and the government in order to continue the extraction of gold and silver.

According to several civilian organizations, the mining company has refused to share information with the local communities about its intention to exploit a common resource or the environmental and health risks that the project poses to the neighboring communities. Almaden Minerals has reportedly carried out disinformation campaigns to lead the population to believe that the cyanide used in its processes does not pollute water, and also engaged in local lobbying to insure support by key members of the local communities.

Almaden withheld information about the claim filed against it by the local residents — which poses a risk to its investors, like the Royal Bank of Canada, according to the Stock Echange Commission — and about the on-going investigation led by the Special Prosecutor’s Office for Environmental Protection (Profepa) for violating Mexican laws and exceeding the authorized amount and depth of boreholes.

On February 2017, Almaden Minerals stated through a press release that it would continue with the “aggressive” exploration of the area despite the rejection of its preventive report by the Natural Resources and Environment (Semarnat) refusing the permit to drill 69 new boreholes. Almaden failed to inform to its investors and continued to trade stocks to finance a new phase of exploitation.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Democrat Jones wins stunning red-state A ...

3 days ago
Business

Asian stocks mixed ahead of Fed rate ann ...

3 days ago
Entertainment

NFL Network suspends analysts over sexua ...

3 days ago
Business

Minnesota announces restrictions on usin ...

3 days ago
Most Popular

French PM says Disputed Labour Bill Open ...

By The Associated Press
Business

Business Leaders Bullish About Long Term ...

By Lázaro González
Business

New Delivery App Rappi Says It's Not Sel ...

By Caitlin Donohue
Business

Power Lunch to Close

By The Associated Press
Business

Daily Exchange: Dollar Continues Descent ...

By Notimex
Business