VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2009) - Pac Rim Cayman, LLC ("Pac Rim" or the "Company"), a Nevada corporation and a wholly-owned subsidiary of Pacific Rim Mining Corp. (TSX:PMU)(NYSE Amex:PMU) ("Pacific Rim") has received notice from the International Centre for Settlement of Investment Disputes ("ICSID") that the three nominations for arbitrators in the Company's action under the Central America-Dominican Republic-United States of America Free Trade Agreement ("CAFTA") and the El Salvadoran Investment Law have all accepted their appointments. As a result, the Arbitral Tribunal is therefore deemed under ICSID Arbitration Rule 6 to have been constituted. For additional information about Pac Rim's claims against the Government of El Salvador see Pacific Rim news release #-09-03 dated April 30, 2009 or its 2009 Annual Report.
Thursday, November 19, 2009
Saturday, November 14, 2009
El Salvador's gold fight goes international
After activists block their permit, Canadian company uses US trade agreement to sue Salvadoran gov't
Five representatives of five organizations in El Salvador that form part of the National Coalition Against Mining, known as La Mesa, were in Washington, DC last month to accept the Letelier-Moffitt International Human Rights Award. The recognition comes at an interesting time as the group's successes in blocking mining exploitation in their small country, have brought about a unique legal situation. Namely, a Canadian mining company is suing the government of El Salvador for $100 million, through a U.S. subsidiary under the Central American Free Trade Agreement (CAFTA). The Real News followed the group of activists around Washington, DC, and interviewed the CEO and President of the company behind the suit, Pacific Rim. Produced by Jesse Freeston.
(see more information at: The Real News Network
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