- Published: Wednesday, 18 September 2019 16:25
By Sara Frabes - AVISPA MIDIA
On December 11, 2018, the American mining company Kappes Cassiday & Associates filed an international arbitration lawsuit for $300 million against the State of Guatemala before the International Center for Settlement of Investment Disputes (ICSID), under the protection of the DR-CAFTA free trade agreement, signed between the Central American countries and the US.
The lawsuit refers to the Progreso Derivada VII mining project, suspended on February 22, 2016 by the Constitutional Court. The project was suspended due to the failure of the government and the mining company to carry a consultation with local indigenous populations of San José del Golfo and San Pedro Ayampuc, before the implementation of the project.