- Published on Monday, 26 September 2016 21:50
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.
- Published on Monday, 26 September 2016 21:10
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 ".
- Published on Monday, 26 September 2016 17:49
The National Roundtable against Metallic Mining (MNFM) met with the President of the Republic, Salvador Sanchez Ceren to discuss the environmental situation of the country, particularly the mining situation and submitted a proposal for an Executive Decree to definitively prohibit mining. The President reaffirmed his government's commitment not to allow mining in the country.
The President, the Minister of Environment and Legal Secretary of the Presidency received representatives of the National Roundtable Against Mining- La Mesa, who presented a draft executive decree that seeks the suspension of metallic mining in the country, they feel the granting of concessions of the current the Mining law contradicts the provisions of article 103 of the Constitution as it does not establish the approval of the Legislature.
- Published on Monday, 26 September 2016 16:33
Please note that the International Allies do not endorse the content of this article, but it is translated and re-published to highlight the efforts by the company to sway public opinion on mining in El Salvador.
Maryelos Cea: Diario El Mundo
OceanaGold acquired Pacific Rim's operations in 2013, and thus inherited the arbitration against the country, currently under the ICSID.
OceanaGold was one of the companies that participated in the second edition of the International Mining Congress, held in Managua, Nicaragua, in August 16th and 17th. In this event, Darren Klinck, executive vice president and head of Corporate Development of the company, told Salvadoran journalists that the corporation maintains the hope that El Salvador will open "a new pillar for economic development," referring to metal mining, and that the company will be a participant this process. That is is why, the company is expecting the final ruling of the International Centre for Settlement of Investment Disputes (ICSID), of the World Bank (WB), because the future plans for the company in the country depend on it.
- Published on Wednesday, 17 August 2016 21:01
By: P. Cabezas
The ruling of the Pacific Rim(OceanaGold) Vs El Salvador case should be made public any minute now and many around the world are paying attention and getting ready to react depending on the outcome. Beyond a simple ruling that derives economic benefit for a winning party, this ruling will determine whether a corporation’s profit motive can override the will of a nation and its democratically elected government.
Anticipating the ruling, organizations members of the National Roundtable Against Metallic Mining in El Salvador and their International Allies are conducting formal and informal discussions about the most effective ways of responding to the ruling while many other individuals and organizations with interest in El Salvador are getting ready to take action as the information emerges. What we know for now is that the panel that adjudicated the case at the International Centre for the Settlement of Investment Disputes – ICSID, has issued a resolution and it is just a matter of waiting for its translation into Spanish to be made public, possibly in the last week of August.
- Published on Wednesday, 17 August 2016 18:52
Observations from Trip by Manuel Perez-Rocha and John Cavanagh of IPS, and Robin Broad of American University to El Salvador, July 20-26, 2016
From July 20-26, we visited El Salvador, and met with a wide range of allies in La Mesa Nacional Frente a la Minería Metálica (La Mesa) and in the broader civil society world and in government, and we spent two days in Cabanas with allies fighting against mining there. We were also able to speak at a press conference and forum organized by La Mesa in San Salvador on July 21, and at an educational forum organized by ADES, UCA, and other allies in Ilobasco, Cabañas, on July 23.
Here is a brief report of the trip.