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Crucitas ruling against Infinito Gold unit causes concern over Costa Rica investment

Friday, December 3, 2010

A landmark court ruling that last week struck down a major gold mining concession may scare away foreign investment, say some members of Costa Rica’s business and political communities.
“It’s a mark in the negative column,” said Lynda Solar, executive director of the Costa Rican-American Chamber of Commerce.
She was referring to a ruling that rescinded a concession the government had already granted to Industrias Infinito, a Costa Rican subsidiary of Calgary, Canada-based Infinito Gold, for operations at its site at Las Crucitas.
Original source: Tico Times