Archives: OceanaGoldPacific RimEl SalvadorInternational Trade & Investment

In El Salvador, OceanaGold Must ‘Pay Up and Pack Up’

February 23, 2017 | By admin | No Comments | Filed in: OceanaGoldPacific RimEl SalvadorInternational Trade & Investment.

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 • Read More »

New Salvadoran Government Inherits Unfair Liability Thanks to Investment Rules

March 18, 2014 | By admin | No Comments | Filed in: OceanaGoldPacific RimEl SalvadorInternational Trade & Investment.

By Jen Moore and Maude Barlow Even before former guerrilla commander Salvador Sánchez Cerén is inaugurated as President of El Salvador, his administration is saddled with an unnecessary $301-million liability — a lawsuit over El Salvador’s refusal to allow an environmentally perilous gold mine to be built. It is a legacy that has already cost • Read More »