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One for you, two for me

2 June 2013

“For every dollar, 35 cents will stay in Guatemala for taxes, royalties and voluntary contributions.”

Sombrero tip to Inca Kola News for linking to one of the better written U.S. media reports on foreign mining operations in Latin America… of all places, on Fox News Latino:
It’s from Associated Press, so I won’t quote directly, but well worth reading.  What strikes me is the company’s defense of itself as being generous, leaving 35 cents in the country from every dollar it extracts from the country.  No mention of how much of that 35 cents will stay in the local community, nor of what social costs will be racked up to be paid by the Guatemalans for their 35 cents.
Read it and weep:  Guatemalan region militarized following dispute around Canadian-owned mine

2 Comments leave one →
  1. 25 June 2013 1:34 pm

    He leido One for you, two for me | The Mex Files con mucho interes y me ha parecido practico ademas de facil de leer. No dejeis de cuidar esta web es bueno.

  2. 2 July 2013 10:02 am

    One for you, two for me | The Mex Files Os adrezco el compartir con todos nosotros toda esta practica información. Con estos granitos de arena hacemos màs grande la montaña Internet. Enhorabuena por este blog.

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