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Government revisits trade clause that allowed Clive Palmer lawsuits
Clive Palmer’s move to sue the government in a secretive international tribunal highlights the need to amend Australia’s trade policy to prevent claims that could hamper emissions reduction efforts.
Tanzania, Canada firm in ‘conditional’ deal over $96m gold suit
Canadian firm Winshear Gold Corp has announced the suspension of its multimillion-dollar arbitration proceedings against Tanzania over a mining license dispute dating back to 2018, saying it had reached a “conditional settlement agreement” with Dodoma.
Panthera to step up action against India after local court rejects claim
A writ will be pursued by Panthera for alleged breaches by India of the Bilateral Investment Treaty with Australia, the company said in a statement.
‘Get moving or you’ll miss the boat,’ Australian resources minister tells EU
Australian Minister argues for more European investments into the Australian minerals sector, criticising the EU’s insistence on banning dual pricing in the free trade negotiations between the EU and Australia.
Winshear Gold provides update on Tanzania arbitration
Winshear Gold Corp. reports that pursuant to the company’s arbitration case against the Republic of Tanzania, the company and Tanzania have suspended arbitration proceedings and have reached a conditional settlement agreement.
Gabriel Resources asks USD 6.5 bln from Romania in gold mine project lawsuit
The final amount requested by Gabriel through interest recalculation has doubled, reaching USD 6.5 billion.
Kenya, Indonesia to sign preferential trade agreement
Kenya and Indonesia yesterday signed four bilateral agreements on food security, mining, renewable energy and health following talks between President William Ruto and Indonesia’s Joko Widodo.
Australia wants EU investment in critical minerals, but first a free trade agreement
Australia’s Trade Minister has dangled easier access to the country’s vast critical minerals sector as part of negotiations over a free trade agreement with the European Union ahead of possible further talks.
Mining is growing rapidly – so are investor-state disputes
Disputes between governments and investors involving mineral assets are growing rapidly – with 60% of all arbitrations over the last fifty years filed in the last decade, a new study found.
US seeks trade panel to resolve labor conflict at Mexican mine
The US government has requested its first dispute-settlement panel invoking labor rules under a North American trade pact, in an effort to resolve a long-running workers’ conflict at Grupo Mexico’s San Martin mine.
Oz identifies 5 mines of lithium, cobalt for India
India’s hunt for critical minerals overseas has met with some success with Australian authorities identifying at least five mines of lithium and cobalt for Indian entities.
Mexico set to offer Vulcan $390 million to buy land to settle spat
Mexico plans to offer $390 million to US construction company Vulcan Materials for land it holds in the southeast of the country, President Andres Manuel Lopez Obrador said.
Australian firm wins $109m compensation against Tanzania
The International Centre for Settlement of Investment Disputes has ordered Tanzania to pay more than $109 million to a group of companies fronted by Australian miner Indiana Resources Ltd in compensation for the controversial 2018 expropriation of a nickel mine project in Tanzania.
Colombia: corporate claims vs human rights
International Delegation stands with mining-affected people to urge administration of President Gustavo Petro to withdraw from corporate courts.
Silver Bull announces filing of request for arbitration with International Centre for Settlement of Investment Disputes
The arbitration arises from Mexico’s expropriation and other treatment of Silver Bull and its investments resulting from the illegal blockade of Silver Bull’s Sierra Mojada project.
Clive Palmer sues Australia for $41.3bn over alleged free trade rule breach
Clive Palmer’s Zeph Investment’s second case against Australia is a $41.3bn claim that it breached the Asean free trade agreement in relation to coal exploration permits, it has emerged.
EU in talks with Chile on raw materials ‘strategic partnership’
The modernised EU-Chile trade agreement, like its sister EU-Mexico trade deal, contains a new chapter on energy and raw materials, which opens the door for deeper cooperation in those areas.
NGO’s urge Colombia to sink investor protection treaties
Investment disputes led to $2.4 billion claims in Colombia.
Clive Palmer’s company plans to sue Australia in fresh claim, budget papers reveal
Palmer’s Zeph Investments could receive compensation if successful in second and potential third dispute beyond existing $296bn case.
Germany to support critical minerals-rich countries build processing capacity
Germany wants to help countries that are rich in critical minerals such as Chile, Indonesia and Namibia to build their own processing infrastructure to cut dependency on China.