Land Defenders Shut Down a Toxic Mine. Now Its Corporate Backers Want Damages.
A Canadian firm is demanding $200 million in damages from Mexico following the cancellation of its mining concessions.
Puebla, Mexico — Canadian gold mining company Almaden Minerals has announced that it will seek arbitration against Mexico, demanding damages of at least $200 million for “financial losses” after its mining concessions in the mountains of Puebla State were canceled. But, having lied and asserted there were no Indigenous communities in the area, the company had its concessions canceled by the…