October 21, 2021

Catholic church in El Salvador calls for mining ban

Pin It

From Democrat Herald SAN SALVADOR, El Salvador (AP) — The Roman Catholic Church in El Salvador has asked the small Central American country’s legislature to ban metal mining. Archbishop Jose Luis Escobar Alas said Monday that the country’s mining law is so obsolete that it makes El Salvador especially vulnerable to exploitation. In October, El […]

World Bank arbitration mechanism ICSID rules in favour of El Salvador

Pin It

From Brettonwoods Project SUMMARY ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit. In October 2016, the International Centre for Settlement of Investment Disputes (ICSID), a World Bank arm for investor-state dispute arbitration, announced that the […]

OceanaGold’s Pac Rim subsidiary chided by World Bank

Pin It

Article – BusinessDesk From Business.Scoop. Oct. 17 (BusinessDesk) – OceanaGold’s Pac Rim Cayman subsidiary has been ordered to pay US$8 million to El Salvador to cover the country’s legal fees and costs in a long-running arbitration after the mining company failed to obtain an exploitation …Monday 17 October 2016 09:57 AM OceanaGold’s Pac Rim subsidiary […]

World Bank favours El Salvador in $250m mining dispute

Pin It

From enca WASHINGTON – A World Bank arbitration panel on Friday found in favour of El Salvador in a $250 million(about R 3.5 billion) dispute brought by a mining company over a gold concession. The panel at the International Center for Settlement of Investment Disputes also awarded legal costs to the Central American country, finding […]