The San Marcos highlands like the rest of the country of Guatemala are almost entirely covered by mineral claims and concessions. According to the Commission for Peace and Ecology (COPAE) of the Diocese of San Marcos, the Marlin mine, which opened in 2005, uses 250,000 litres of water per hour, which is equivalent to what a Guatemalan family uses in 22 years. Goldcorp is required to pay only 1% in royalties for the minerals they extract in an area where 97% of the people live in poverty and 79% live in extreme poverty.
Goldcorp is a Canadian company but among its major investors are British-based AXA Investment Managers UK Ltd (US$4.3 million), Blackrock Commodities Income Trust plc, and City Natural Resources High Yield Trust PLC, according to the document From Money to Metals ( by mining researcher Roger Moody.)