Fenix Nickel Co. backs Miners Association of El Estor in their request for U.S. Government support to reopen Fenix Mine and reemploy more than 1,700 Workers
Fenix Nickel Co. backs Miners Association of El Estor in their request for U.S. Government support to reopen Fenix Mine and reemploy more than 1,700 Workers
PR Newswire
NEW YORK, May 10, 2024
NEW YORK, May 10, 2024 /PRNewswire/ -- Fenix Nickel Co., the US owner of Guatemalan nickel producers Compania Guatemalteca de Niquel (CGN) and Compania Procesadora de Niquel de Izabal, S.A. (PRONICO) declares its backing for the Solidarist Miners Association of El Estor (AMSE), which has urgently appealed for U.S. support as US Secretary of State Antony Blinken visits Guatemala.
More than 500 Guatemalan ex-employees from El Estor have urged the U.S. to assist in reopening the Fenix nickel mine, aiming to re-employ over 1,700 workers and alleviate the pressures driving them towards the U.S. border. AMSE has highlighted the severe hardships faced by the workers due to the mine's shutdown, compelling many former employees to seek employment in the United States, often with tragic outcomes, including deaths during perilous journeys north.
The association stresses that restarting the Fenix mine operations is critical not only for the local economy but could also significantly curb the flow of illegal immigration to the United States. Despite the removal of US sanctions on CGN and Pronico, the entities operating the mine, there remains a baffling delay in the mine's reopening.
"We kindly seek the support of the U.S. Government in our dialogue with the Guatemalan authorities to expedite the issuance of these essential export licenses. This action will ensure the mine's rapid reopening and the re-employment of its workforce," stated a spokesperson for AMSE.
Expressing gratitude to Secretary Blinken for his attention to this pressing matter, AMSE underscores the mutual benefits that reopening the mine would bring to both Guatemala and the United States.
SOURCE Fenix Nickel Co.
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Best- and Worst-Performing Stocks of Q2 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations