Pacific Rim/OceanaGold

PRESS RELEASE: Release the Verdict Now!

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On Friday October 7th, on the eve of the World Bank’s fall meeting, people around the world will demand that a tribunal of the World Bank Group’s International Centre for Settlement of Investment Disputes (ICSID) to release a favorable decision for El Salvador on the Pac Rim Cayman LLC vs El Salvador case.   

Solidarity actions with the National Roundtable Against Mining in El Salvador will be held in El Salvador, Washington, Toronto, Melbourne and the Philippines to demand that: 

1. The World Bank Group’s ICSID immediately release a favorable decision that will finally vindicate the people of El Salvador and will allow their government to recover all legal expenses. 

2. OceanaGold immediately discontinue all of its operations in El Salvador, including its Salvadoran subsidiaries Minerales Torogoz and El Dorado Exploraciones, along with the bogus El Dorado Foundation, which demonstrates utter disrespect for the broad opposition to mining in the communities, and could escalate the potential for conflict and further violence levels already been seen when Pacific Rim operated there.

We support the President of El Salvador, Salvador Sánchez Cerén, who has stated that he remains firm in his commitment not to grant mining concessions.  

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MUA calls on Australians to support campaign against OceanaGold

Since OceanaGold acquired Pacific Rim in 2013, members of the the Maritime Union of Australia, along Salvadorean and Filipino residents in Melbourne, have held monthly solidarity actions to demand that the company withdraws from El Salvador and the Philippines.    

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A rally in support of the people of El Salvador will take place outside the offices of OceanGold on Friday Septemebr 30, at 357 Collins Street, Melbourne.

These actions are against the Australian mining company OceanaGold, which is suing El Salvador for over $300 million because it will not issue a mining permit.

The company is able to sue El Salvador because a previous government in that country agreed to Investor State Dispute Settlement (ISDS) legislation. “The legal framework that has been created favours investors and violates the human rights of peoples” explained Bernardo Belloso, President of the Association for the Development of El Salvador.

El Salvador is one of the poorest countries, with average per capital income of $3,800 US per year. It is also one of the most densely populated countries with approximately 360 persons per square Km. It is also one of the most water starved with only about 2% of its surface water drinkable.

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PRESS RELEASE: Not to the blackmail of Pacific Rim Mining/Oceana Gold

Press release:

On September 15, 2016 an ICSID Tribunal closed the arbitration proceedings in the case that Pacific Rim/OceanaGold began on June 15, 2009 (over 7 years ago) against the government of El Salvador. During this time the government has spent more than US$13 million in legal costs in a suit where the company attempts to obtain more than US$300 million in compensation for not been allowed to harm the environment and the health of the inhabitants of El Salvador.

The next step in the proceedings is for the tribunal to issue an award, which may be released in the short term, may also be known within 6 months, and chances are that it may take an indefinite amount of time.

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Across the Pacific: building a global struggle against the free-trade agenda of OceanaGold

Leon Dulce: IPCM 

The 2016 World Social Forum recently held in Montreal, Canada became an important opportunity to develop an important global undertaking: the forging of an international people's campaign to hold accountable the global harm aggressively spurred by Australian-Canadian mining giant OceanaGold.

leonMember organizations of the International People’s Conference on Mining led the initiative at the WSF through a discussion-workshop on building global strategies addressing Canadian mining impacts across the world, focusing on the case of OceanaGold. 

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Staying alert for the ICSID resolution

Editorial: CoLatino

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It is expected that in the coming days or weeks, the International Centre for Settlement of Investment Disputes (ICSID) will issued its ruling on the request for Pacific Rim-Oceana Gold against the Salvadoran State. The publication of the ruling was delayed because late transnational mining company tried in vain a negotiated settlement with the Salvadoran government.

Canadian company Pacific Rim, later acquired by Australia's OceanaGold, sued El Salvador for $300 million as compensation for not allowing the exploitation the El Dorado mine in San Isidro, Cabañas.

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Pacific Rim tried to negotiate with the government anticipating and adverse ruling

Jose Mejia | Transparecia Activa 

Luis Parada, the attorney representing the Salvadoran State in the international litigation initiated by Pacific Rim/Oceana Gold, explained that before an adverse ruling, the company tried to delay the resolution of the award and evaluate whether the government could negotiate the resolution to avoid losing its claim to $300 million in compensation.

Parada said that although it had been announced that the award (ruling) could be ready in in late August, he has now says been told that it is likely to be until mid-September and, if favorable, would be a symbolic achievement.

He added that on Monday, August 22 the Tribunal of the International Centre for Settlement of Investment Disputes (ICSID), based in Washington under the jurisdiction of the Word Bank, officially communicated with the two parties involved in the dispute to let them know that "the award was still being translated but that was in the final stage, in the review of the translation. There, it was suggested that mid-September was expected resolution ".

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