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October 16, 2016

Canadian-Australian mining firm’s El Salvador claim rejected

El Salvador, as a result of lobbying by the country's bishops, banned mining in 2007. A suit by Canadian-Australian mining firlm Pac Rim Cayman for profits loss profit as a result of the ban was rejected Oct. 14.

A Canadian-Australian mining company that went to court because the government of El Salvador wouldn’t give it a mining permit has had its $328 million claim rejected and was ordered to pay $10.5 million in legal costs to El Salvador.

Published in Canada