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GOLD 1373.56 $/ozChange: 6.47
PLATINUM 1435.50 $/ozChange: -2.50
R/$ exchange 9.93Change: 0.03
R/€ exchange 13.30Change: 0.01
 
 
 
El Salvador
 
PRIVATE PLACEMENT

OceanaGold offers 25% premium in ‘big brother’ placement with PacRim

Toronto-listed gold producer OceanaGold had entered into a private placement with fellow-listed explorer Pacific Rim Mining (PacRim), which would see OceanaGold pay a 25% premium for a portion of PacRim’s shares. PacRim, which is developing the...
By: Henry Lazenby
26 Sep 12
 
 
INEQUALITY

Location a key determinant of SA’s opportunity inequality – report Video Available

Sandeep Mahajan and Ambar Narayan Where a South African child is born and lives remains the single largest factor in determining access, or otherwise, to basic opportunities such as education, healthcare, water, sanitation, electricity and early childhood development programmes, a...
By: Terence Creamer
24 Jul 12
 
 
LEGAL CONTEST

Pacific Rim arbitration moves ahead as World Bank rules against El Salvador

To the dismay of international aid network Oxfam America, TSX-listed Pacific Rim (PacRim) on Monday obtained a World Bank ruling in its favour on ‘jurisdictional’ objections filed by the government of El Salvador in a long-running dispute over...
By: Henry Lazenby
06 Jun 12
 
 
Photo of the Week

SOMETHING'S BREWING

SOMETHING'S BREWING: A worker shovels coffee cherries at a facility in El Paste, El Salvador, in mid November. Coffee stockpiles in producing nations dropped to about 12-million bags this year, the lowest level since the London-based International Coffee Organisation began keeping records in the 1960s. (Photographer: Juan Carlos/Bloomberg News) A worker shovels coffee cherries at a facility in El Paste, El Salvador, in mid November. Coffee stockpiles in producing nations dropped to about 12-million bags this year, the lowest level since the London-based International Coffee Organisation...
 
 
JUNIORS

Pacific Rim to buy Panama project, 'similar' to delayed El Salvador mine

Vancouver-based Pacific Rim Mining, which is in the midst of international arbitration brought against the government of El Salvador, has signed a binding letter of intent to buy a gold project in Panama. The Remance project has similar...
By: Liezel Hill
20 Aug 10
 
 
SOUTH AMERICA

El Salvador intends total ban on mining – report

Canadian firm Pacific Rim Mining this week claimed a small victory in its arbitration against the El Salvadorian government, but President Mauricio Funes has been quoted as saying that he plans to stop mining in the country altogether. “Funes...
By: Matthew Hill
06 Aug 10
 
 
PERMIT DISPUTE

Hearings under way in Pacific Rim project arbitration

A hearing began on Monday in an arbitration case brought by Pacific Rim Mining against the government of El Salvador, the company reported. The hearing, on the preliminary objection filed by the government in relation to the action brought by...
By: Liezel Hill
31 May 10
 
 
GOLD

Pacific Rim says arbitration tribunal formed for El Salvador case

An arbitration case brought by Pacific Rim Mining against the government of El Salvador will move ahead, as the arbitration tribunal has now been constituted, the company reported on Thursday. Pacific Rim embarked on arbitration proceedings...
By: Liezel Hill
20 Nov 09
 
 
CORPORATE ACTIVITY

Condor Resources connects potential offer, shareholder requisition

Aim-listed Condor Resources believes that there is a link between shell company Classdrive plc, which has indicated it may offer to buy Condor, and a requisition received last month for an extraordinary general meeting, the firm said on Monday....
By: Liezel Hill
27 Apr 09
 
 
GOLD

Pacific Rim freezes study on El Salvador gold mine until markets stabilise

Vancouver-based Pacific Rim Mining will defer the completion of a feasibility study for its El Dorado project, because of volatility in the capital cost estimates, as well as permitting uncertainty, the firm announced on Thursday. Pacific Rim...
By: Liezel Hill
12 Feb 09
 
 
Projects Update

El Chaparral hydroelectric power plant, El Salvador Restricted

The project will see the construction of a new hydroelectric power plant with an output capacity of 66 MW and will include.
By: Sheila Barradas
28 Nov 08
 
 
GOLD/SILVER

Intrepid to start construction next year on Argentina mine

TSX- and ASX-listed Intrepid Mines is working on the design and procurement of key equipment for its Casposo gold/silver project, in Argentina, and expects construction to get under way in the second quarter of 2009, CFO Steve Smith said this...
By: Liezel Hill
23 Jul 08
 
 
 
 
 
 
 
 
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