OceanaGold

El Salvador's Congress approved a law on March 29 that prohibits all metal mining projects, in a bid to protect the Central American nation's environment and natural resources.

The new law, which enjoyed cross-party support, blocks all exploration, extraction and processing of metals, whether in open pits or underground. It also prohibits the use of toxic chemicals like cyanide and mercury.

A little-known but controversial World Bank tribunal has bucked tradition and ruled against corporate power on October 14.

The tribunal rejected Canadian-Australian gold mining giant OceanaGold’s claim that El Salvador interfered with its profits when the government pulled the plug on a proposed gold mine.

The seven-year, multi-million dollar, largely secretive court battle had pitted mining-affected Salvadoran communities — supported by international human rights groups — against the deep pockets of OceanaGold.

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