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Pacific Rim claims $315 million from El Salvador

Monday, April 1, 2013

Pacific Rim Mining says its US subsidiary has filed a $315-million damage claim against the government of El Salvador.

The claim by PacRim Cayman is part of arbitration hearing over a failure by the government to issue necessary mining licenses for the company's El Dorado gold project.

Pacific Rim said Monday that the arbitration is in its final, merit-based phase before the World Bank's International Centre for Settlement of Investment Disputes.

Source: Canadian Press