Costa Rica will not be required to compensate mining company Infinito Gold for the cancellation of the Crucitas mining project, the International Centre for Settlement of Investment Disputes ruled
The study warned of a "very probable" and "significant" affectation of aquatic ecosystems at Crucitas, which has been contaminated by mercury used by illegal mining groups to extract gold from the area.
Canadian mining firm Infinito Gold announced last week that it has secured funding from a lender to continue pursuing damages stemming from Costa Rica's cancellation of the firm's gold mining concession in 2011.
