- Published on Monday, 18 July 2016 20:06
Vanessa Linares : El Mundo
The defense lawyer for El Salvador says the Company does not have valid arguments to get a favorable ruling.
The outcome of the final resolution of the International Centre for Settlement of Investment Disputes (ICSID), of the World Bank - on the lawsuit filed by Pacific Rim Mining, now Oceana Gold, Vs El Salvador, does not mean that the state will give a concession to operate, said yesterday Luis Parada, the lawyer representing the country in this case.
The mining company demands $250 million from El Salvador for denying an exploitation permit for the El Dorado mine in Cabañas.
- Published on Thursday, 14 July 2016 18:06
Gloria Orellana : CoLatino
Andres Mckinley, representative of the Central American University (UCA) with members of ADES and the International Allies Against Mining in El Salvador demanded a total ban on mining in the country, despite of a potentially negative ruling of the International Centre for Settlement of Investment Disputes (ICSID) against the Salvadoran State.
"This lawsuit is unfair, Pacific Rim / Oceana Gold, has sued for 250 million dollar under the ICSID, an agency of the World Bank. The Salvadoran State has spent more than 12 million dollars, in the last seven years, when those resources could have been used for health, education, security, food production," he said.
- Published on Thursday, 14 July 2016 17:44
In August this year the International Centre for the Settlement of Investment Disputes (ICSID), of the World Bank in Washington, will decide whether the State of El Salvador has to pay US$250 million to the mining company, Pacific Rim (now OceanaGold ). This is the amount of the legal suit that Pacific Rim has maintained since 2009 against our country for not having received a license to extract gold and silver in the municipality of San Isidro, Cabañas. In its defense, the State of El Salvador has had to spend more than US$12 million over the last seven years, resources that should have been used for education, health, public safety, food production and other urgent needs of Salvadoran citizens.
- Published on Wednesday, 13 July 2016 21:21
Rachel Small: Council of Canadians
Activists gathered outside of OceanaGold's shareholder meeting in downtown Toronto today at a rally organized by the Council of Canadians, the Mining Injustice Solidarity Network, MiningWatch Canada, and the United Church of Canada. The Canadian mining company has faced controversy for its decision to sue El Salvador for US$250 million at a World Bank tribunal when the company failed to obtain a mining permit for which it never met regulatory requirements. As a result, over the past seven years, the tiny financially-strapped nation has been forced to divert over $12 million dollars from economic development, job creation and violence prevention, merely to pay to defend itself.
- Published on Thursday, 14 July 2016 22:08
Statement by Carlos M. Padilla, Representative, Lone District of Nueva Vizcaya
OceanaGold Philippines Inc,(OGPI) operations in Brgy. Didipio, Kasibu, Nueva Vizcaya, destroys lands and roads, threatens eco-tourism, watershed and protected areas and gives zero to nil shares to the government.
As a leader, representative and resident of Nueva Vizcaya, I have witnessed many developments that have caused both positive and negative changes to the province and its people. Nueva Vizcaya is a food basket producung export-quality high-value crops, vegetables and cutflowers and serves as home to multi-ethnic and indigenous communities. The landlocked province, bordered by several watershed, protected areas and potential ecotourism sites, is also gifted with minerals such as gold and copper that both small-scale and large-scale miners eagerly exploit.
- Published on Wednesday, 13 July 2016 21:07
(Toronto/Ottawa) Today, during OceanaGold’s Annual General Meeting (AGM) in Toronto, company shareholders were asked to scrutinize company claims regarding supposed benefits for affected communities in El Salvador and the Philippines.
“It just doesn’t add up. OceanaGold is not acting in the interest of communities in El Salvador when it sues the country for USD $250 million over a mine permit that it has never met the regulatory requirements to obtain,” remarked Rachel Small from the Council of Canadians in Toronto.
A decision is expected shortly over this suit from the World Bank’s International Centre for Settlement of Investment Disputes (ICSID).The case, which has dragged on for seven years, has already cost El Salvador over USD $12 million in legal costs; enough for a year’s worth of adult literacy classes for roughly 330,000 people.