Heads They Win, Tails You Lose: Canadian Nickel Companies in Guatemala

INCO’s Guatemalan plans have been gathering dust for nearly a decade. I thought by the end of 1962 we would start a project and I have thought so ever since. Harry S. Wingate (former INCO chairperson), Fortune Magazine, March 1970.

On October 10, 2007, Andrew Grant from Vancouver’s Skye Resources officially announced a new beginning for nickel mining in the Izabal region in northeast Guatemala. The press touted the creation of six thousand jobs and a thirty-year mine life, while vice minister of Energy and Mines Jorge García Chiú broke down how, starting in 2009, the government will collect $54,000,000 in taxes from the company each year.”*

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