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Glencore, Randgold form group to challenge Congo law changes
Randgold is considering launching international arbitration if Congolese President gives his assent to the legislation.
Churchill claims "unfair arbitration" in Indonesia legal battle
Churchill Mining updated the market on the progress made in its attempts to annul an international tribunal’s award against it.
Reko Diq: Contradictory claims made before PAC about alleged graft
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 sue Kenya for Sh334bn compensation
Global mining firms want Kenya compelled to pay Sh334 billion as compensation for cancelling their licences.
Congolese mines minister mum on whether controversial new code has been made law
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
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.
Bear Creek Mining Corp. v. Peru: the potential impact on damages of an investor’s contributory action and failure to obtain a social license
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.
Canada begins court fight to overturn NAFTA ruling on Digby quarry
Ruling found that New Jersey company was wrongly prevented from opening quarry and terminal.
Pakistan’s arbitration woes: sifting myth from reality
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.
Rusoro Mining completes funding agreement and ramps up enforcement and collection efforts
Venezuela has steadfastly refused to pay the arbitration award.
Turkey, Somalia sign Economic Partnership Agreement
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.
India-Peru FTA talks to take stage in March
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.
Government regulatory space in the shadow of BITs: The case of Tanzania’s natural resource regulatory reform
Tanzania passed three new laws that significantly change the regulatory landscape governing natural resources and the mining sector in particular.
British investor claims USD 500 million from Russian coal mine
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 government loses legal dispute over copper mine nationalization
Mongolian Copper Corporation to seek compensation through international arbitration over the Mongolian government’s alleged breach of international rules on investors’ rights.
Rusoro obtains $1.3 billion judgment against Venezuela in Canada
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.
Bear Creek wins C$30.4m award in international arbitration against Peru
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, Venezuela settle US$1.2B mine dispute
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.
Churchill update on award annulment application
The company is currently considering the Republic of Indonesia’s counter memorial on annulment, which was submitted on 20 Oct.
Update on legal proceedings re Chatree gold mine, Thailand
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.