Tens of Thousands Call On OceanaGold to Drop its Suit Against El Salvador as Secret Hearings Begin at World Bank Tribunal

Mining Watch, Wednesday, September 10, 2014
(Ottawa) Nearly 150,000 people have already signed an online petition directed at the Australian-Canadian firm OceanaGold urging it to drop its suit against El Salvador.
Secret hearings will begin on the case at a little known investment dispute tribunal housed at the World Bank in Washington, on Monday, September 15th.
OceanaGold bought into the suit when it purchased Vancouver-based Pacific Rim Mining at a firesale price last fall. Pacific Rim’s only project in recent years had been to punish El Salvador with legal proceedings for not having granted it a mine permit. The company is suing for $301 million, despite never having fulfilled the basic regulatory requirements to obtain a licence to build its El Dorado gold mine. The government of El Salvador has already spent millions fighting this case — money the tiny Central American country urgently needs for social programs and infrastructure.