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South American Silver Fights Back Against Bolivian Government
Oct. 09, 2012 04:31PM PST
Silver InvestingSouth American Silver Corp. (TSX:SAC) responded to the Bolivian government’s comments about its Malku Khota project, which was expropriated by the government in August. The Bolivian government claims — among other things — that it owes South American no money for the expropriation and that South American was operating illegally in Bolivia; South American asserts that all the government’s claims are false.
South American Silver Corp. (TSX:SAC) responded to the Bolivian government’s comments about its Malku Khota project, which was expropriated by the government in August. The Bolivian government claims — among other things — that it owes South American no money for the expropriation and that South American was operating illegally in Bolivia; South American asserts that all the government’s claims are false.
As quoted in the press release:
South American Silver denies all accusations by the Government which are patently false and have no factual basis. Bolivia’s actions clearly violate South American Silver’s rights under the international investment treaty between the United Kingdom and Bolivia as well as under Bolivian and international law. As previously announced (see SAC PR 12-13, August 2, 2012), South American Silver will vigorously exercise all of its rights, including through international arbitration, to obtain full compensation, including the fair market value of the Malku Khota project.
Click here to read the full South American Silver (TSX:SAC) press release.