GAR
Represented by GST LLP, Guatemala has lodged a counterclaim in a US$350 million DR-CAFTA dispute with third-party funded mining investors, seeking damages for alleged misrepresentation and a failure to meet environmental commitments. The state alleges that when obtaining their license, Kappes and KCA (the investors that hold licenses for the gold and silver mining projects) “omitted key information” in their environmental impact assessment (EIA), which did not meet international standards and failed to show the effect the projects would have on local water resources.
Daily Business Review
Powering the "Green Energy Revolution" calls for both foreign investment in mines and universal sustainable practices. Rich in lithium reserves - among other rare materials - certain Latin American countries are well-positioned to help accelerate the world's transition to renewable energy while modeling exemplary sustainable practices that make good sense for the environment, and for business. Co-written by GST LLP Partners Quinn Smith, Diego Brian Gosis, and Ignacio Torterola, the commentary includes insights from mining industry expert Barbara Filas.