Investors are increasingly shunning mining companies that violate human rights

Investors in Canadian mining company Tahoe Resources paid a price when Tahoe failed to disclose the extent of community and Indigenous opposition to its Escobal mine in Guatemala a few years back.

Its stock was flying high at $27 a share, but it fell after a string of lawsuits and violent conflicts — including security guards shooting protesters in the back. The mine was eventually suspended by a Guatemalan court, and Tahoe was sold to Pan American Silver for about $5 a share.

The two organizations presented an amicus curiae brief to the court in Kukama Women’s Federation v PETROPERU, Ministry of the Environment and others.

By Shin Imai and Sarah Colgrove

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