... dispute lasted seven years. In October 2016, the ICSID ruled against the mining company and required a payment of 8 million dollars in favor of the Salvadoran State.
Marcelo Rivera, at the time of his ...
... mining company's claim had no merit and ordered the payment of eight million dollars to the government of El Salvador to reimburse the costs of its legal defense.
One of the participants in the campaign ...
... against Metallic Mining and President of CRIPDES (Association for the development of El Salvador)
OceanaGold, an Australian company, bought shares valued $10.2 millions of dollars from Pacific Rim, a ...
... dollars, but the ruling was favourable and the company had to refund $8 million dollars in legal costs.
More importantly, in March of this year, the Legislative Assembly of El Salvador approved a law ...
... reported that the mining company Oceana Gold had paid the $ 8 million dollars awarded by the International Centre for the Settlement of Investment disputes, ICSID.
“After the Legislative Assembly approved ...
... of El Salvador. After the president of El Salvador placed a moratorium on mining in 2008, the company sued the small Central American country for $250 million dollars for an alleged violation of investor ...
... the Canadian miner Pacific Rim, now owned by the Australian Ocean Gold, which claimed compensation of 250 million dollars from the Salvadorean government.
The case dates back to 2009 when Canadian miner ...
... dollars.
The case dates back to 2009 when Canadian miner Pacific Rim filed a lawsuit against El Salvador after the Central American country denied permission to mine the El Dorado gold mine in the northern ...
... permit for a proposed gold mine or US$250 million dollars.
The Washington D.C.-based International Centre for Settlement of Investment Disputes (ICSID) panel decided that OceanaGold’s predecessor Pacific ...
... Ricardo Navarro, president of CESTA in rejecting the delay of 8 Million dollars owed to the Salvadoran State by transnational mining company, which lost its litigation before the ICSID.
"We already have ...
... ban.
OceanaGold company, which in 2013 acquired Pacific Rim, has until February 14 to determine if it will pay the compensation amounting to 8 million dollars to El Salvador as ordered by the International ...
... and use some 950 tonnes of cyanide, a deadly toxic. Had these plans succeeded, there would have been global earnings of about $10 billion dollars US.
"El Salvador is a country with serious environmental ...
... dollars in legal costs as a result the lawsuit filed by the transnational mining company 2009 against the government. The three arbitrators of the tribunal unanimously debased all arguments of the company ...
... environmental impact of mining.
And, although ICSID decided that the case lacked merit, which meant that El Salvador did not have to pay the US$300 million dollars demanded by the company to compensate ...
... El Salvador. "This is an important point, because the more OceanaGold delays payment of the $8million dollars, the more interest would be would be accrued... that is what the tribunal was asked to clarify. ...
... million dollars that the ICSID tribunal ordered its subsidiary, Pacific Rim Cayman, to pay to the government of El Salvador for legal expenses.
We will continue working with you so that OceanaGold, its ...
... state for $250 million dollars.
The ruling of the ICSID favors El Salvador and has ordered the transnational mining company to pay $8 million to cover part of the legal costs.
Emilia, who lived part ...
... litigation went on for seven years. During this time, El Salvador had to spend over 13 million dollars in its defense. The mining company had initiated the process demanding 70 million dollars; over the ...
After Seven Years and Millions of Dollars, Decision Announced in Pac Rim Mining Company vs. El Salvador: Coalition of Groups States “There are No Winners”
Investor-State Arbitration Subverts Democracy ...
... Bank to stop enabling a tribunal utilized by multinational corporations to undermine human rights. “Fifty years of ICSID and billions of dollars in corporate awards is enough. It’s time for the World Bank ...