“Spanish Justice Strikes Down Aspirations of the Canadian Mining Company Edgewater Exploration Ltd. in Its Project of Corcoesto”, 22 Feb 2016

The Constitutional Court rejects an [appeal] by the Spanish Government amendments made by Xunta de Galicia in the Law of Mining 3/2008, which causes the company to lose the mineral rights concessions...which were part of his main operating plan in the Bergantinos region...The legislation has ratified the court confirms that mineral rights can be denied by "insufficient proof of financial or technical capacity of the applicant" as happened to the canadian mining company Edgewater, whom the galician regional Government officially announced the cancellation of the project...Now the Constitutional Court has ruled in favor of the Xunta de Galicia, noting that Article 28.3 of the Statute of Autonomy of Galicia regional government allows the execution of the law of the State in mining.  Although the ruling is a setback for Edgewater, the company has announced that it will appeal to international arbitration to defend their interests, and that there are still pending a court decision in the High Court of Galicia for the cancellation of the mining project.  However, in practice, the Constitutional Court ruling ends aspirations of the company to develop its mining plan in the region of Bergantinos…