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Infinito (IG.v) loses in Costa Rica

Let the Tico Times tell you all about it:

A Costa Rican appeals court handed environmentalists a resounding victory Wednesday by ruling that a concession for a controversial open-pit gold mine at Las Crucitas, a small town in the country’s Northern Zone and near the border with Nicaragua, is invalid.
The court annulled the government mining concession previously granted to Industrias Infinito, S.A., a Costa Rican subsidiary of Infinito Gold, a Calgary, Canada-based mining exploration and development company.
The court ruled that environmental studies required to grant the mining concession were incomplete, and the mining contract was therefore illegal.
The current ruling stems from an appeal filed to the court by the environmental group The Wild Flora and Fauna Preservation Association. In July, the Costa Rican government announced it would not repeal the mining concession it had previously granted Industrias Infinito (TT, July 30).
The court also ordered the Public Ministry to open a criminal investigation of former Costa Rican President Oscar Arias for having signed off on a decree stating that the open-pit gold mine was in the public’s interest. The court found that since environmental studies were incomplete, Arias’ signing of the decree was illegal. CONTINUES HERE

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