Construction of gold mine suspended in Costa Rica
The Supreme Court of Costa Rica has ordered the suspension of works at the Crucitas gold mine due to enviromental claims.
Wednesday, October 22, 2008
Infinito Gold Ltd, the company responable for the developmen of the mine, reported that the court had ordered them to stop works to clear the property while they review the case presented by a group of environmentalists.
The First Chamber of the Supreme Court of Costa Rica has dismissed appeals filed by the company Industrias Infinito.
A 15-year, $127 million investment was suddenly halted by a court canceling a mining concession to Industrias Infinito in Costa Rica.
An appeals court maintained a series of precautionary measures hampering the development of Crucitas gold mine, owned by Infinito Gold.
The money that the State of Costa Rica will lose in the dispute over the failed concession of the Crucitas mine will come from taxpayer's pockets.
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