- Published on Sunday, 05 March 2017 21:00
Despite a deadline from the lawsuit passing, the company owes El Salvador US$8 million.
Over 280 organizations from around the world sent an open letter to Canadian-Australian mining giant OceanaGold on Tuesday, demanding that the company adhere to an earlier ruling by a World Bank body that ordered the company to pay the government of El Salvador US$8 million after a years-long legal battle.
OceanaGold, formerly Pacific Rim, was given 120 days to either to pay the US$8 million fine or to submit a plea to have the fine overturned, a deadline which ran out last week.
- Published on Friday, 03 March 2017 22:27
After seven years, four murders and US$24 million in total legal costs, in October 2016, a little-known World Bank tribunal trashed OceanaGold’s claim that El Salvador either owed it a mining 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 Rim Mining never met the legal requirements under El Salvador’s mining law to obtain a permit to exploit gold and must pay the Central American country US$8 million towards its legal costs.
- Published on Friday, 03 March 2017 22:13
By Robin Broad and John Cavanagh : The Hill
This week, labor, environmental, religious and other groups, representing over 180 million people from around the world, sent a letter to a corporate mining CEO — a letter that is also a wake-up call for President Trump's trade agenda.
The letter highlights the problems with the so-called "investor-state" provision in trade deals, first created through the North American Free Trade Agreement (NAFTA) 23 years ago. This provision unfairly prioritizes corporations, encouraging them to file lawsuits against governments that implement public health and other measures that impede future corporate profits.
- Published on Wednesday, 15 February 2017 12:27
Gloria Silvio Orellana: Colatino
"It is clear that OceanaGold does not want to pay, so we have to intervene; the National Police (PNC) and the Prosecutor's Office (FGR) must intervene their assets," said 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 serious problems in El Salvador with all the environmental pollution, problems with climate change and mining on top of that. They (Pacific Rim/Oceana Gold) wanted to steal US$250 million from us and thank goodness that the ICSID said it was clear that El Salvador was right (ruling in favor of the state)," he said.
- Published on Monday, 13 February 2017 22:52
By Sebastian Rosemont - Photo: Genia Yatsenko
Pressure continues to mount on Salvadoran legislators to ban metal mining in El Salvador. On February 7th, mayors from the Department of Chalatenango, accompanied by leaders of the Association for the Development of El Salvador (CRIPDES), arrived in the capital to deliver a letter to the Legislative Assembly calling for lawmakers to pass a comprehensive ban on metal mining in the country. Their trip to Assembly reflects the growing grassroots support for a national law banning metal mining in El Salvador.
Bernardo Belloso, the president of CRIPDES (a Salvadoran NGO that is part of the National Roundtable Against Mining in El Salvador) said, “For the past several years, CRIPDES has accompanied Salvadoran communities that have taken the initiative to organize municipal referendums to ban metal mining.”
- Published on Monday, 13 February 2017 22:26
While OceanaGold, one of the largest mining companies in El Salvador, delays compliance with its obligation to compensate El Salvador, several social forces are demanding a metal mining 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 Center for Settlement of Investment Disputes (ICSID), a World Bank body last October.
The ICSID gave 120 days to review its ruling, which were taken by OceanaGold to decide whether they will comply with the arbitration award or they will submit a plea of nullity. El Salvador won the lawsuit against Pacific Rim / OceanaGold, which had been filed in 2009 by the company to request the State the payment of approximately 250 million dollars as compensation for not letting it exploit El Dorado mine in San Isidro, Cabañas.
In 2002, the company had started exploration works in the mine after acquiring permits, but it was never authorized to exploit it. El Salvador is Central America´s smallest country and also one of the countries with the highest levels of environmental deterioration. READ MORE