
Australian-based company OceanaGold is suing El Salvador for US$301 million for its “right” to continue operating a gold mine that is destroying the Central American nation's water supply.
The El Dorado goldmine was originally owned by Canadian company Pacific Rim, which became a wholly-owned subsidiary of OceanaGold last year. The Australian company is continuing Pacific Rim's lawsuit, suing the Salvadoran government over a moratorium on mining permits.
In 2008, the right-wing National Republican Alliance (ARENA) government was forced by public demand to issue the moratorium.