by Robin Llewellyn
When Canadian gold mining giant Goldcorp
holds its annual general meeting in the northern Ontario city of
Timmins on Thursday it will face calls from shareholders for the company
to take on the costs of the scheduled 2018 closure of its controversial
Marlin Mine in Guatemala.
The company currently provides a $1 million surety bond to the
Guatemalan government for cleaning up and closing the mine if the
company were to suddenly withdraw, but a study commissioned by two
church groups calculated
the real cost as $49 million. In February the company announced record
revenues of US$1.5 billion for the fourth quarter of 2011, with the
company’s profits significantly boosted by gold from the Marlin Mine.
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