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Posted by ipso facto @ 10:52 on April 13, 2016  

Torex strikes deal with local group blocking access to El Limon-Guajes mine

TORONTO (miningweekly.com) – Canadian gold producer Torex Gold has reached an agreement with local families blocking access to the El Limon-Guajes (ELG) mine, in Mexico, for more than a week, saying operations will be restarted during the night shift on Thursday. Less than a week after declaring commercial production, Torex was forced last week Monday to temporarily suspend operations at the ELG operation, located in the Guerrero Gold Belt, south-west of Mexico City, reporting that an illegal blockade was started by three families demanding payments for alleged environmental damages. “The transition from the high levels of activity during construction to the lower levels required during operations, is challenging for all stakeholders. One of the more difficult challenges is re-setting expectations as to what the company can and cannot do to improve the lives of community members that do not have an employment or contractual relationship with the company. “This ‘re-setting of expectations’ is not completed yet, but a process has been established to move toward that understanding,” explained Torex president and CEO Fred Stanford.

cont. http://www.miningweekly.com/article/torex-strikes-deal-with-local-group-blocking-access-to-el-limon-guajes-mine-2016-04-12

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.