Pacific Rim now part of OceanaGold
OceanaGold has completed its acquisition of Pacific Rim, the Canadian gold mining company which has been stuck in years of litigation with the government of El Salvador over the country's moratorium on gold mining. From the two companies' press release announcing the completion of the sale: Mick Wilkes, Managing Director & CEO of OceanaGold commented, "I am very pleased to welcome Pacific Rim shareholders and employees to OceanaGold. I believe that our company strengths developed over the past twenty-three years in New Zealand and the Philippines provides for a strong platform to begin the successful journey with the many stakeholder groups in El Salvador. Our Company has a long and successful track record of operating gold mines in partnership with local communities in a safe and sustainable manner and we look forward to working with our key stakeholders in El Salvador to unlock the significant opportunity that exists at El Dorado for the people of El Salvador....