Canadian Gold Company Sues El Salvador For 100 Million Dollars
After a People’s Movement Opposes Mining Operation
By Paul Jay
June 19, 2010 "Canada" - -Canadian mining company, Pacific Rim, is in court suing the government of El Salvador for 100 million dollars. It claims that by not awarding the company an exploitation permit for its proposed gold mine, the tiny country is in breach of the Central American Free Trade Agreement (known as CAFTA). Canada is not a signatory to the trade agreement, so the Vancouver-based company is filing the suit through it's US subsidiary, Pac Rim Cayman, which it moved from the Cayman Islands to Nevada in December 2007.