"Pacific Rim Mining Corp. (PMU.TO) says its U.S. subsidiary has
filed a US$315-million damage claim against the Government of El
Salvador," Canadian Press reported.
It said: "The claim by PacRim Cayman LLC is part of arbitration
hearing over a failure by the government to issue necessary mining
licences for the company's El Dorado gold project. Pacific Rim said
Monday that the arbitration is in its final, merit-based phase
before the World Bank's International Centre for Settlement of
Investment Disputes. The tribunal will determine whether El
Salvador broke its investment laws by refusing to issue the
necessary mining licences for the project."
PMU shares gained half-a-cent to $0.06.
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