In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.
El Salvador Mining News
Lawmakers have approved a broad-range ban on mining, which only excludes coal, salt and other non-metallic resources.
As part of the world's third largest gold producer by market value's ongoing efforts to focus on highly profitable, core assets.
Analysts are not sure what to make of El Salvador’s recent move that saw its central bank sell about 80% percent of its gold reserves last month.
Six-year-old mining dispute between El Salvador and Vancouver-based miner still seeking a conclusion
A $315 million damage claim.
Company claims the El Salvadoran government failed to issue necessary mining licences for the El Dorado gold project.
Citizens’ groups, backed by the radical leftist party Syriza that is now the second largest group in parliament, have been trying to wreck the project since 2011, when Eldorado was granted its exploration licence.
Country wants the Inter-American Commission on Human Rights (CIDH) to help it stop Goldcorp's Cerro Blanco project.
As a result of increased exploration expenditures, general and administrative costs and arbitration-related expenses, offset by substantially increased gains on the company's derivative liability, the loss for fiscal 2012 was reduced to $1.8 million from $3.8 million or for fiscal 2011.