Costa Rica will not be required to compensate mining company Infinito Gold for the cancellation of the Crucitas mining project, the International Centre for Settlement of Investment Disputes ruled
Canadian mining firm Infinito Gold announced last week that it has secured funding from a lender to continue pursuing damages stemming from Costa Rica's cancellation of the firm's gold mining concession in 2011.
An appeals court called for a new trial against former Environment Minister Roberto Dobles for approving the controversial Infinito Gold mining project.
Infinito Gold Ltd. listed more than $160 million in working capital deficit including loan principle and interest, according to a statement from the company published on the CNW press wire. “The Company has concluded that it will not be possible for it to continue operations,” the statement concluded.
Costa Rica’s ex-Environment Minister Roberto Dobles gets 3-year prison sentence in Crucitas case, but won’t serve a day in jail
A criminal court in San José on Wednesday sentenced former Environment Minister Roberto Dobles Mora to a three-year suspended sentence for breach of public duty in granting the British Columbia-based mining company Infinito Gold an open-pit gold mining concession in Crucitas, in the northern Alajuela canton of San Carlos, in 2008.
Industrias Infinito says it will consider other legal options.
Edgardo Araya says Infinito Gold using campaign of fear to silence critics
Ex-judge Moisés Fachler is a lawyer for the gold mining company’s general manager.