El Salvador’s Gold Fight

July 17, 2009

This is another very informative article about the Gold Mining in El Salvador. Written by Michael Busch and posted on the Foreign Policy in Focus website.

As El Salvador transitions from decades of conservative rule to the administration of leftist President Mauricio Funes, the country faces an international showdown triggered by a restrictive free-trade agreement between the United States and Central America. Canada’s Pacific Rim Mining Corporation is suing the government for its refusal to allow it to mine gold in El Salvador’s rural north. If Pacific Rim succeeds in securing the $100 million settlement it seeks, that would set a troubling precedent. At stake is a question that affects all nations: Can private interests trump national sovereignty under international law?

Click here to read the rest.


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