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Author: Admin | 2025-04-28
Have access to gas or electricity for cooking, and less than half have internet access at home. In contrast, lithium mine executives like Minera Exar CEO Franco Mignacco have become wealthier since the company came to town in 2009. Mignacco became a Lithium Americas director in 2009, in addition to his role running subsidiary Minera Exar. The value of shares of Lithium Americas stock he owns or controls have more than doubled in value since that time, increasing from more than $7.3 million USD in 2009 to nearly $18.8 million USD as of October 2023, according to documents filed with U.S. and Canadian securities regulators. The Howard Center emailed Minera Exar, and also hired a paralegal to hand-deliver requests for an interview to Mignacco at the company's headquarters in San Salvador de Jujuy, Argentina. A Minera Exar representative signed for the hand-delivered letter on December 20. Neither Mignacco nor a company representative replied to reporters' inquiries. An uncertain future Nowhere — including the U.S. — is prepared for the regulatory challenges of the impending lithium boom, according to Aimee Boulanger, executive director of the Initiative for Responsible Mining Assurance. “There is not a country in the world right now with laws sufficient to prevent significant harm where mining happens — not one,” Boulanger said. That includes wealthier countries with more robust regulations, such as the U.S. and Canada, Boulanger added. IRMA is a global industry organization that conducts independent assessments of all types of mines across the world, which also
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