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Costa Rica slams door on Crucitas ... for now

Thursday, December 1, 2011

Canadian miner Industrias Infinito will not be allowed to develop the Crucitas mine in Costa Rica, for now anyway.

In what has been a classic case of environmentalists against mining companies, the Supreme Court has unanimously confirmed a lower court’s verdict that annuls the mining concession.

There can be no appeal to the decision.

However, Infinito is expected to push for a resolution of the conflict through international arbitration, which could involve a claim of $2 billion.

Original source (in Spanish): La República