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Company Response

28 Feb 2017

Author:
OceanaGold

OceanaGold response

...Due to additional filings made by the Government of El Salvador’s Washington-based attorney in December 2016 regarding the ICSID arbitration case, there are now additional considerations currently under review by the ICSID tribunal. These new filings have caused a delay in the finalisation of the ICSID arbitration decision…The ICSID tribunal did not make a ruling banning mineral development in El Salvador nor does the ICSID Tribunal have the authority to make such a ruling…Our activities in-country continue through the financial support our subsidiary, Minerales Torogoz, gives to the El Dorado Foundation (“Foundation”) - a not-for-profit organisation established in 2005 that delivers meaningful benefits to communities within the municipalities of San Isidro and Sensuntepeque in Cabanas. The El Dorado Foundation serves to be a positive reference of modern, responsible mining in Latin America…

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