... 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 ...
...
“OceanaGold claims it is committed to improving conditions in local communities, but this is absurd when the company is suing El Salvador for hundreds of millions of dollars in a process designed to ...
... of Investment Disputes of the World Bank for 301 million dollars on damages and compensation for lost profits. Even though the final hearings took place last year, the tribunal still has not issued a verdict. ...
... it is about a lot of money. The Canadian firm explored the gold mine in Cabañas for six years, investing millions of dollars in test drilling. The mine was the most important asset of the company. Pacific ...
...
When President Mauricio Funes announced an administrative freeze on mining related permits in 2009, Pacific Rim launched a lawsuit against the government of El Salvador for $77 million dollars.
Despite ...
... here have extracted gold for decades worth millions of dollars”, the 58-year-old man says. “The only things that they left for us are poverty and contamination”.
People here live in simple houses under ...
... out the mine.
Gustavo Blanco’s dad used to work in the mine: “Companies here have extracted gold for a value of about 25 million dollars”, the 58-year-old man calculates. “The only things that are left ...
... Centre for Settlement of Investment Disputes (ICSID) of the World Bank, after being sued by the former Pacific Rim (now Oceana Gold) for more than $ 300 million dollars, claiming that the Salvadoran State ...
... already terrible. But, more terrible is that this is not a unique case: not long ago the Canadian gold mining company Gabriel Resources sued Romania for 6 billion dollars, after the government decided ...