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OceanaGold in El Salvador limbo

Thursday, February 16, 2017

Canadian-Australian mining company OceanaGold is expected to refuse to comply with a previous decision by a World Bank body, where it was ordered to pay $8 million to El Salvador regarding standards and regulations over one of the company’s mines.

OceanaGold, formally Pacific Rim, was given 120 days to decide to pay the  fine or to submit a plea to have the fine nullified, a deadline which ran out on Tuesday. El Salvador's Defense Attorney Luis Parada told El Mundo that he believes that the company “is not going to comply, it will continue fighting".

Source: Telesur