CAFTA Weakens Central America's Hand in Mining Conflicts
By James Fredrick,
on ,
Briefing

GUATEMALA CITY -- Goldcorp is one of the many mining companies winning big on the Central American Gold Belt. Amid soaring gold prices, its Marlin mine in Guatemala made $609 million in profit last year, up 125 percent from 2010. The second-biggest gold miner in the world, Goldcorp was also Guatemala’s largest single taxpayer last year, paying more than $80 million in royalties and taxes, while also funding community development and health projects.
But the Marlin mine has a downside. Guatemalans living nearby claim to have lead poisoning, and environmentalists say Goldcorp is harming local water supplies irreversibly. Meanwhile, anti-mining activists have allegedly been threatened and attacked by mine security agents. ...


