ACTION ALERT: Pacific Rim shareholders meet today! http://www.cispes.org/index.php?option=com_content&task=view&id=735&Itemid=1
Today, the shareholders and Board of Directors of Pacific Rim Mining will meet for their Annual General Meeting in Vancouver, B.C. When the government and people of El Salvador stopped Pacific Rim’s gold mines from opening, this Canadian corporation opened a storefront in Nevada, and is now using the US-Central American Free Trade Agreement (CAFTA) to sue the Salvadoran government for hundreds of millions of dollars in ‘lost profits’.
The company has been telling their shareholders that they are still hopeful for a “resolution” with the Salvadoran government. However, after the 2009 elections, El Salvador finally has a democratic government that is responding to the people’s demands. On Saturday, the President of El Salvador, Mauricio Funes reiterated his public commitment: “I will not authorize any mining exploration or exploitation project” and he welcomed the process underway in the Legislative Assembly to pass a national ban on metallic mining.