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Article

12 Aug 2016

Author:
Mining Watch (Canada)

US Securities and Exchange Commission asked to investigate Tahoe Resources’ failure to disclose secret lawsuits

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The US Security and Exchange Commission...is being asked to investigate a Canadian mining company...The Justice and Corporate Accountability Project, will submit a thirty-five-page report on behalf of the US-based Network in Solidarity with Guatemala (NISGUA) and the Guatemala-based Diocesan Committee in Defense of Nature. The report asks the SEC to determine whether Tahoe Resources Inc.has failed to meet legal requirements for disclosing human rights abuses and failed to disclose lawsuits that impact the Escobal mine. Tahoe claims strong community support for its Guatemala mine, but the JCAP report says that Tahoe’s annual report shows that opposition is so severe that it cannot connect its mine to the main power grid.  The SEC will determine whether Tahoe provided misleading information to investors...Tahoe denies responsibility for the threats and deaths surrounding its Guatemala mine, but seven farmers who were shot by Tahoe’s private security guards in April 2013 are suing Tahoe in British Columbia. The head of security for Tahoe, Alberto Rotondo, was charged...

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