Infinito Gold Company drops claim against Costa Rica for failed project in Crucitas

Infinito Gold Company drops claim against Costa Rica for failed project in Crucitas
Infinito Gold Company drops claim against Costa Rica for failed project in Crucitas

Surprisingly, the Canadian company Infinite Gold, dedicated to the extraction of golddecided to withdraw a claim against Costa Rica for the failed Crosses in Cutris de San Carlos.

In this way, the government of Rodrigo Chaves could develop a mine there with another company, on its own account, and even with said company, since there would be no legal impediment.

Read more: Minera Infinito Gold pays $300 thousand to continue arbitration against Costa Rica for the Crucitas case

This would also allow for complete control of the land and stop illegal gold mining, environmental damage and gold miners.

And it is that Infinity Gold withdrew from a procedure to annul the resolution issued in 2021 by an international arbitration court, which determined that Costa Rica should not compensate that company. The company was seeking nearly $400 million in damages.

Read more: Infinito Gold seeks to annul ruling in favor of Costa Rica for closure of Crucitas mining project

The mining project in Crosses It was stopped in 2014 after a ruling by Chamber IV against it.

On this topic, Edgardo Araya, an environmental lawyer and former deputy of the Frente Amplio that brought down the mining project, pointed out that there are many doubts surrounding this decision, while suggesting that something could be happening to reactivate the mine.

“Why has the government insisted so much that nothing can be raised in Crosses until the arbitration is resolved? Is the government clear that nothing resolved in the award will affect the future of that area? And most importantly, what did the Government negotiate? What are you committing to? Is there use of public funds involved? Did they consider the existing legal prohibitions and our environmental regulations? Given the attitude of this government, one could expect anything,” said Araya.

 
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