Randgold is considering launching international arbitration if Congolese President gives his assent to the legislation.
Churchill Mining updated the market on the progress made in its attempts to annul an international tribunal’s award against it.
As a National Accountability Bureau inquiry into alleged embezzlement in Reko Diq case remains on hold, various stakeholders made contradictory claims before the Public Accounts Committee about people who could be blamed for any corruption in the deal.
Global mining firms want Kenya compelled to pay Sh334 billion as compensation for cancelling their licences.
International mining companies, which include Randgold, Glencore and China Molybdenum, have said they will challenge the new law through international arbitration, and are lobbying Kabila not to sign it.
Environmental groups in court to intervene in NAFTA tribunal overstep NAFTA tribunal exceeded its jurisdiction when it made determination on what a Canadian environmental assessment panel can decide, groups say.
This post discusses the disagreement between Karl-Heinz Bockstiegel (the president of the tribunal) and Michael Pryles, and Prof. Philippe Sands QC, on the assessment of damages.
Ruling found that New Jersey company was wrongly prevented from opening quarry and terminal.
The TCC tribunal failure did not reflect an internal failure on the part of Pakistan’s state apparatus as much as it did the hegemonic nature of the global BIT regime that developing countries have been subjected to by the West.
Venezuela has steadfastly refused to pay the arbitration award.
Last week, Turkey and Somalia signed economic partnership agreement.The countries also came to an understanding on fishing and fisheries. Under this, Turkish fishermen will be able to fish in Somalia’s territorial waters.
With bilateral trade between India and Peru touching an all-time high of $1.57 billion, the second round of talks for the trade agreement between the two countries is scheduled to take place in March.
Tanzania passed three new laws that significantly change the regulatory landscape governing natural resources and the mining sector in particular.
A British investment group has demanded USD 500 million from Russia and accused the country of state-sponsored corporate theft in a battle for control of a Siberian coal mine.
Mongolian Copper Corporation to seek compensation through international arbitration over the Mongolian government’s alleged breach of international rules on investors’ rights.
Rusoro Mining Ltd. has announced that it has obtained a judgment against the Republic of Venezuela in the Superior Court of Justice in Ontario, Canada, of over US$1.3 billion.
The arbitrators agreed with the company that Peru had breached its obligations to the company under the Canada-Peru Free Trade Agreement when it expropriated the company’s Santa Ana silver project, in 2011.
Crystallex International Corp. and Venezuela agreed to settle a US$1.2 billion dispute over the 2011 nationalization of a gold deposit in the South American nation.
The company is currently considering the Republic of Indonesia’s counter memorial on annulment, which was submitted on 20 Oct.
The purpose of this release is to introduce the team, and to briefly describe the two claims and the processes to be followed in prosecuting each claim.