MEXICO CITY (Reuters) -Mexico’s government said on Tuesday a mine run by Canadian firm Americas Gold and Silver Corp in Cosala in the northern state of Sinaloa is on track to reopen after a longstanding labor dispute.

“I’ve been informed of a decision taken to reopen the mine in Cosala, Sinaloa. A deal is being reached. It’s moving forward,” President Andres Manuel Lopez Obrador told reporters during a regular government news conference.

The mine produces silver, lead and zinc, according to the company’s website.

The firm, which says it has been subject to extortion and organized crime and that the San Rafael mine in Cosala has been the target of an illegal blockade for over a year, said it welcomed Mexico’s commitment to reopening the mine.

“The company … remains committed to the community of Cosala, the company’s workers and their families, and stands ready to bring the workers back to work as soon as possible once the illegal blockade is removed,” it said in a statement.

Americas Gold and Silver said it looked forward to re-gaining control of the mine, inspecting the facilities and recalling all of the workers within a month of possession.

“Ultimately, the company must continue to rely on the authorities in Mexico to ensure this occurs according to desired timing,” the company added.

On Monday, the Mexican government said health and safety inspections would be carried out at the mine within the next three weeks, and that efforts by officials, the company and workers to allow the site to reopen were continuing.

(Writing by Dave GrahamAdditional reporting by Jeff Lewis in Toronto and Sharay Angulo in Mexico City; Editing by David Gregorio and Lisa Shumaker)

Original Article: https://www.marketscreener.com/quote/commodity/SILVER-16221/news/Mexico-says-mine-in-Sinaloa-on-track-to-reopen-after-labor-dispute-35614078/

SHARE THIS POST?

Facebook
Twitter
LinkedIn
WhatsApp
Telegram
Email

• Fast. PhotoSat solutions are ideal for large, inaccessible, or remote sites. With no permits needed, we can efficiently produce engineering-grade surveys and alteration mineral maps over hundreds or even thousands of square kilometers. No site access is required, and all data processing is completed without involvement from ground crews.
• Global. Satellites are not restricted by borders, permits, or ground logistics. We have completed more than 1,300 projects in over 75 countries, with exacting standards of accuracy and consistency.
• Reliable. Each PhotoSat project is produced from satellite photos, with each photo covering hundreds of square kilometers. As a result, our data sets are consistent, time-stamped and robust, with high data point density.
• Innovative. PhotoSat is a leader in satellite-based surveying technology and alteration mineral mapping. We use proprietary deep learning algorithms in our data processing. Our unique technology produces outstanding results that are trusted by mining companies and engineering consultants around the world.