Ecuador’s Constitutional Court reaffirms revocation of Cornerstone's Rio Magdalena permit
Published by Will Owen,
Editor
Global Mining Review,
Cornerstone Capital Resources has received formal notification of a final decision by Ecuador’s Constitutional Court reaffirming the revocation of its environmental permit for the Rio Magdalena Project.
The company is reportedly consulting with legal counsel to determine what rights and remedies it may have, including under the 1996 Canada-Ecuador Bilateral Investment Treaty, unilaterally terminated by Ecuador in 2018 but which has a 15 year survival/sunset clause.
Read the article online at: https://www.globalminingreview.com/mining/05012022/ecuadors-constitutional-court-reaffirms-revocation-of-cornerstones-rio-magdalena-permit/
You might also like
Mining operators: Securing a stake in the EV future
Martin Pochopien, and Beibei Sun, Vendigital, detail how plans to electrify mining operations and equipment en route to net zero could bring opportunities to boost efficiency and generate value for the long term.