El Dorado

Project Phase: 

Operations effectively halted in July 2008. In April 2017, following the enactment of the Law on the Prohibition of Metallic Mining, OceanaGold (through its subsidiary, Minerales Torogoz) announced that it would exit the country. The OceanaGold website states that project closure procedures were completed on 15 September 2017. However, as per field research conducted for The Legal Cultures of the Subsoil project conducted in June 2018, the company still maintains facilities and personnel in Cabañas.

Exploration Start Date: 
1993
Exploitation Start Date: 
Not started
Extraction Type: 
Subterranean
Country: 
El Salvador
Company: 
Parent Company: Dayton Mining Company (Canada) (2000-2002)
Parent Company: Pacific Rim Mining Corporation (Canada) (2002-2013)
Parent Company: OceanaGold (Australia) (2013-present)
Subsidiary: Minerales Torogoz
Natural Resource: 
Gold
Silver
Municipality, Department: 
San Isidro, Cabañas
Region: 
Central America
Political Actions: 
Reports: 
Reference: 

Council of Canadians/Blue Planet Project, Institute for Policy Studies, Maritime Union Australia, MiningWatch Canada, and OXFAM, "Debunking Eight Falsehoods by Pacific Rim Mining/OceanaGold in El Salvador", dated March 2014, online: https://ips-dc.org/wp-content/uploads/2014/03/Eight-Falsehoods-Final-March-17-2014-WEB.pdf, accessed on 12 July 2018

El Salvador Times, "Minera se va de El Salvador", dated 2 April 2017, online: http://www.elsalvadortimes.com/articulo/politicos/minera-va-salvador/20170330185726019909.html, accessed on 12 July 2018

Global Investment and Business Center, "El Salvador Mining Laws and Regulations Handbook, Volume 1, Strategic Information and Regulations" (2013), p. 40

OceanaGold, "El Dorado Project", online: https://oceanagold.com/our-business/closure/el-dorado-project/, accessed on 12 July 2018

Pacific Rim Cayman LLC, Notice of Intent to Submit a Claim to Arbitration, dated 9 December 2008, online: https://www.italaw.com/sites/default/files/case-documents/ita0590.pdf, accessed on 12 July 2018

Pacific Rim Mining Corp. and OceanaGold, "OceanaGold Agrees to Acquire Pacific Rim Mining", dated 8 October 2013, online: http://www.marketwired.com/press-release/oceanagold-agrees-to-acquire-pacific-rim-mining-tsx-pmu-1838763.htm, accessed 12 July 2018