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Changes to Guatemala mining seen as positive

Wednesday, June 27, 2012

Guatemala’s Ministry of Energy and Mines has amended 30 articles of the country’s mining law, a development that requires 147 companies with operating licenses to pay new royalty rates.

These amendments replace the voluntary agreement signed earlier this year between miners and Guatemala’s President Otto Perez Molina.

Companies exposed to Guatemala include Goldcorp, Tahoe Resources, Radius Gold and Firestone Ventures.

Source: Stockhouse