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Canadian miner sues Colombia for $16.5 billion

Monday, June 6, 2016

A small Canadian mining company has found itself at the centre of a highly charged dispute over its rights to mine for gold in a Colombian nature reserve.

Unable to develop a gold mine inside a natural park in the Colombian Amazon, Cosigo Resources is suing the Colombian government for $16.5 billion for allegedly violating the free trade agreement the South American country has with Canada.

Source: Financial Post