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An international arbitration panel ruled Costa Rica does not owe Canadian miner Infinito Gold any compensation from a project cancellation 10 years ago.
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SAN JOSE An international arbitration panel ruled that Costa Rica does not owe Canadian miner Infinito Gold any compensation stemming from the cancellation of a potentially lucrative mining project a decade ago, the country’s environmental ministry said on Friday.
Infinito Gold sought about $400 million in damages in the long-running case over its Crucitas open-pit mine in northern Alajuela province, near the border with Nicaragua, which was fiercely opposed by environmental activists seeking to strengthen the country’s ecological stewardship.
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