“April is the cruelest month,” British poet T.S. Eliot once lamented.
Although it’s doubtful he was thinking of the Mexican mining industry when he penned those words, he might as well have been, given recent developments. A peek at the latest news reveals that April has not been kind to the industry south of the border.
First, Canadian gold mining giant Goldcorp reported on April 2 that it has suspended work in its Los Filos mine due to land dispute issues. The mining work has been suspended for an indefinite period. Meanwhile during the suspension, a dispute continues to rage among locals concerning whether the mine should be allowed to reopen. Some believe in the importance of keeping the mine open for economic purposes (the mine employs thousands of people), while others express significant concerns regarding the environmental damage inflicted by the mining process.
Second, Endeavor Silver reported on April 5 that tragedy struck their mines not once but twice that week, with two fatalities being reported from their mines. This is sad news, of course, and sympathy is expressed to family and friends of the deceased, but this fatality means further complications for Endeavor Silver:
[T]he Company has decided to immediately implement a full safety retraining program at all three mines. Each mine will shut down for two days so each shift in turn can receive a two day refresher course on safety policies and practices. In addition, Endeavour will retain a group of safety specialists to review the company safety programs and implement their recommendations. (Digital Journal)
It can only be hoped that the second half of April will be kinder to the Mexican mining industry than the first half has been. Here’s to April showers, May flowers, and sunny days ahead for Mexican mines.
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