... plus interest, owed by Pacific Rim / Oceana Gold, money that is needed to serve the rights of the population in need.
VI.- Given this scenario, the MNFM declares a permanent alert against the extractive ...
... 2013, Pacific Rim, a company without any real assets except the hope of mining in El Salvador, ran into financial troubles in 2012 after it failed to raise the money needed to continue the costly suit ...
... it only available to those that have the money to pay. This study provides background information on the water situation in El Salvador, gives an analysis of the water reform, and describes reactions to ...
... to pay exorbitant amounts of money for water and to collect rain water in order to meet their basic needs.
And the problems for the community continue to surface: exposure to the heavy metals resulting ...
... settlement” clause, now ubiquitous in free trade agreements, allows foreign investors to challenge any national laws and regulations that undercut their ability to make money. Worse still, the fate of ...
... 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 ...
... Even if the authorship is not clear, the arbitration tribunal can not easily limit the case purely to economic matters.
More than a callow protest
It is about a lot of money. Company representative ...
... and Trade) highlighted the paradox of this situation in which a wealthy company is demanding a considerable amount of money from a country that is lacking resources for its own people; the most critical ...
... that corporations can sue countries for heinous amounts of money, which in El Salvador’s case amounts to about 5% their GDP.
Cases such as these set a precedent and normalize the perception that corporate ...
... territory in March. “If the ICSID forces El Salvador to pay the US$301 million, where is that money going to come from? From the already limited education and health budgets in the country?” asked Gálvez ...
(Ottawa) Nearly 150,000 people have already signed an online petition directed at the Australian-Canadian firm OceanaGold urging it to drop its suit against El Salvador.
Secret hearings will begin on ...
... sustainability are possible if we ban metal mining on time. The high price of gold feeds the voracious power appetite of large transnational mining corporations, but LETS NOT FORGET that money can not ...
... by the Attorney General’s Office, and claiming that his case “falls short because the prosecutor’s didn’t recognise that Saturnino was always sending money to his family and people in the community, including ...
... million lawsuit by Pacific Rim has already cost El Salvador US$7 million in legal fees. As Vidalina pointed out, this is “a lot of money in country that that has so many needs like education and services ...
... to it, I think it is better to pay the money, than to pay the consequences,” Archbishop José Luis Escobar Alas recently stated to a Canadian national radio reporter.
Pacific Rim Mining’s track record ...
... may well buy the consciences of some – because in the face of poverty it doesn’t take much money to buy division between poor people. But such tactics – which demonstrate no honour - won’t dissuade us.” ...
... international courts, acting under local Investment Law and the Free Trade Agreements signed by El Salvador, proving once again that only thing the care about is money. 4 - Our rejection of both open-pit ...
... of El Salvador to spend over $800,000 in arbitration fees to defend itself. This is public money that has been siphoned away from helping impoverished local residents.
Canada-El Salvador Free Trade Agreement ...
... question of returning indigenous land.
"Our philosophy as indigenous peoples is to have our land, as she is our mother", Shandur says. "We need to have our land, to have our fruit, rather than money." ...
... process continues, Pacific Rim can increase the amount of the suit by arguing they are incurring procedural costs. Also, this forces the Salvadoran Government to pay huge amounts of money to the international ...