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OceanaGold loses El Salvador ICSID case

The World Bank's International Centre for Settlement of Investment Disputes (ICSID) has found in favour of the government of El Salvador in a dispute with OceanaGold over a failed mining development in the Central American country.

OceanaGold loses El Salvador ICSID case OceanaGold loses El Salvador ICSID case OceanaGold loses El Salvador ICSID case OceanaGold loses El Salvador ICSID case OceanaGold loses El Salvador ICSID case

OceanaGold believes mining could unlock a “sustainable and multi-decade development opportunity” in El Salvador

As part of the ruling, ICSID awarded El Salvador US$8 million to cover its legal fees and costs.

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