Wednesday 23 June 2021

Costa Rica faces billion-dollar lawsuit to protect rainforest

Calgary-based mining company Infinito Gold is suing the Costa Rican government for over $1 billion because it rejected the company’s plan to build an open-pit gold mine in a tropical forest.

081211minasCosta Rica’s Sala Constitucional ( Constitutional Chamber of the Supreme Court), or Sala IV, rejected the company’s appeal to strike down an earlier court’s annulment of a mining concession for Las Crucitas, a planned open-pit gold mine in the northern region. It is estimated the mine would destroy 190 hectares of rainforest, which is home to many already endangered species, such as the green macaw.

In April Infinito Gold issued the government an ultimatum and set a six-month deadline “to resolve the dispute” or the company said it would pursue legal action. Infinito’s appeal to the Sala IV was the latest attempt to find a legal solution to the annulment.

- Advertisement -

Sala IV’s unanimous decision to uphold the annulment of mining concessions in November 2011 prompted Environment Minister René Castro to say, “Costa Rica has a reason to celebrate the decision. We do not want open-pit mining in our country,” adding that the ruling “enhances the ecological profile of our nation.”

Infinito Gold said it has already invested $92 million in the project, and it claims to have lost $1 billion in potential profit. However, Costa Rican authorities have indicated that Infinito owes Costa Rica some $10 million for damage already done to 300 hectares of tropical forest. The company has yet to pay.

The concession would have allowed the extraction of one million grams of gold in the area, a business estimated at the time at some $2 billion. In 2008, the company obtained a mining license after then-President Oscar Arias and his environment minister, Roberto Dobles, declared the project of “national interest”.

Infinito Gold’s spokeswoman in Costa Rica, Yoquebec Soto, said, “Our company will not leave the country until we are fully compensated.”

- Advertisement -

More than 4,500 people in Canada, Costa Rica, and around the world sent a message to Infinito Gold CEO John Morgan during the Canadian mining company’s annual shareholders’ meeting in Calgary, asking that Infinito drop its lawsuit against Costa Rica. They have been joined by more than 6500 who have signed online petitions.

Source: Wild Life Extra News

 

 

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Today’s Covid News: Average daily deaths from Covid-19 begins to decline

QCOSTARICA - The week of June 13 to 19 registered a...

Flight paralysis from Canada hits Costa Rica’s tourism

QCOSTARICA - The paralysis of flights from Canada last January hit...

MOST READ

Tico tried to enter via San Jose airport with ¢93 million in cash

QCOSTARICA - A Costa Rican tried to enter the country through the Juan Santamaría International - San Jose Airport - with US$153,244 (the equivalent...

Today’s Vehicle Restriction June 21: plates ending in 1 & 2 CANNOT circulate

Today, Monday, June 21, we are back to the two plates that cannot circulate, in today's case plates ending in 1 & 2 CANNOT...

Nathalie Álvarez Mesén’s feature debut, Clara Sola, ready for the Cannes Directors’ Fortnight

Q ENTERTAINMENT (CINEUROPA) Nathalie Álvarez Mesén’s debut feature, Clara Sola, is ready to take part in this year’s Directors’ Fortnight at the Cannes Film...

Weather, friendly locals, cost of living: expats in Mexico, Costa Rica enjoy same things

EXPAT FOCUS (MND) Of course it was no surprise that readers of Mexico News Daily voted Mexico as the No. 1 expat destination in...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...

Treasury threatens to close doors to Sinpe Móvil to avoid tax evasion

QCOSTARICA - What had been a good tool as a payment mechanism for sellers and businesses, the Ministry of Finance (Treasury) has in its...

Today’s Vehicle Restriction June 17: 7 & 8 CANNOT circulate

Today, Thursday, June 17, vehicles with plates ending 7 & 8 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Tourism sector depends on political will for recovery

QCOSTARICA - The future of tourism operators in Costa Rica depends on the political will to approve a package of bills that favors the...

Germany opens borders to Ticos from this Friday!

QCOSTARICA - Good news for Ticos with traveling fever! From Friday, June 25, Germany will allow entry of travelers from Costa Rica as long...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.