New Development in Pacific Rim’s battle against El Salvador
The latest development in the legal battle between Pacific Rim Mining Company and the Government of El Salvador came last Friday when a tribunal of the International Centre for the Settlement of Investment Disputes (ICSID) allowed the dispute against the Salvadoran government to continue. Although the Canadian mining company’s appeal was dismissed because Canada is not one of the countries that partake in the CAFTA agreement, the government of El Salvador is still under attack based on its alleged violation of their own Investment Law established in 1999. The ultimate goal of the Salvadoran Government and the international Anti-Mining Movement is to free the Cabañas region in El Salvador from the seemingly insatiable greed of the Pacific Rim Mining Company that threatens to strip the region of its natural resources.
There has been a great public outcry across the world in response to Pacific Rim’s greed and the tribunal’s decision. Read more on Tim’s El Salvador Blog below.
There has been another ruling in the international arbitration brought by Canadian gold mining company Pacific Rim against the government of El Salvador. The case is pending in the International Center for Settlement of Investment Disputes (ICSID). In its ruling, the ICSID tribunal dismissed Pacific Rim’s case under the Central American Free Trade Agreement (CAFTA), but will permit Pacific Rim to continue a claim brought under El Salvador’s 1999 Investment Law.
There is a good overview and analysis of this decision at the Public Citizen Eye on Trade blog. The coalition of organizations opposed to metallic mining in El Salvador have collected news coverage and reactions to the decision at this link.
Read more here