Carlos Slim’s gold exploration approved

By Dolia Estevez
Forbes

Carlos Slim
Carlos Slim

Minera Frisco, controlled by Mexican billionaire Carlos Slim, has been given the green light to search for gold in Mexico. In a controversial decision, Mexico’s Ministry for the Environment and Natural Resources (Semarnat) approved an environmental study last week authorizing Frisco’s Las Espejeras mine to conduct gold exploration activities. The October 3 authorization, which does not include gold extraction, will last two years and begin this month.

The mine suspended gold exploration last February when workers abandoned the site as a result of mounting protests by locals and environmentalists. The population of Tetela de Ocampo, where Las Espejeras is located in the mountains of Mexico’s east-central state of Puebla, strongly opposed the project, according to a poll conducted by Commission for Dialogue with Indigenous Peoples, a newly created governmental body designed to settle disputes with local communities.

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