…there’s a three-cornered meeting between Shahuindo mine owners Tahoe Resources (TAHO) (THO.to), very disgruntled local communities and to maintain the peace, representatives of Peru’s Ministry of Energy and Mining (MEM). And impressively, the MEM is fed up with TAHO almost as much as the locals are and according to reports from the zone, the MEM will also insist that TAHO makes good on the community agreements it has ignored and refuses to comply to, as well as getting the company to provide necessay compensation for the road disruption brought on by the heavy trucks now going back and forth through small villages, kickig up dust and causing no end of problems for residents in the area (a mini-Constancia or mini-Las Bambas, if you will).
But what’s also interesting about today’s meting is that locals, at the end of their tether for over a year, have made it plain it’s the last chance for these idiots to comply else face road blockades and a mine closure. Frankly they’ve been way more than patient with Ron Clayton’s bunch of clowns.