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.
A San José court on Monday acquitted former Environment and Energy Minister Roberto Dobles Mora of all charges that he illegally granted a contract to a private mining company connected to a relative while he was in office.
Peru is creating a national park to protect a vast territory in the Amazon basin that is vulnerable to drug trafficking and illegal logging and mining, the country's environment minister said Saturday.
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.
State capitalism and protection go hand in hand here. In 1998, the Carajas National Forest reserve was created as much to isolate the mine area from squatters as protect it from the deforestation that has devastated so much of this southern corner of the Amazon.