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Goldcorp weighs Guatemala investment

Thursday, December 4, 2014

Canadian gold miner Goldcorp said it will examine its future investment in Guatemala following the country's move to raise mining royalties from 1 percent to 10 percent.

Late last week, Guatemala's Congress changed a nearly 20-year-old mining law to raise the royalties.

Guatemalan President Otto Perez has yet to sign the measure into law, but the country's main industrial chamber has already said it is mulling a legal challenge.

Source: Reuters