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Canada mining company sues Colombia for $16.5 billion
written by Stephen Gill June 13, 2017
Colombia’s government is facing a $16.5 billion lawsuit following a dispute over a mining permit in the protected nature reserve of Yaigoje-Apaporis National Park in the south of the country, according to local media.
Cosigo Resources Ltd., a Canada-based mining company, is suing the Colombian government for allegedly violating the free trade agreement the South American country has with Canada, weekly Semana reported Sunday.
In September 2015, Colombia’s Constitutional Court suspended mining activity across more than 247 million acres of the park, that spans between the southeastern provinces of Amazonas and Vaupes.
According to reports, the Court took action after Cosigo Frontier Mining, allegedly tried to convince local indigenous communities to lift mining restrictions that had been implemented when the land was designated as a National Park in 2009.
More:
https://colombiareports.com/canada-mining-company-sues-colombia-16-5-billion/
