In 2015, Gabriel Resources sued Romania before of the ICSID, asking for a reported four billion dollars in damages, after protests halted plans for Europe’s largest gold mine.
The Australian mining company Kingsgate Consolidated, armed with a US$55-million insurance payout for the closure of its gold mine in Thailand, says it now has the financial means to pursue its arbitration case against the Thai government.
The US company notified its intention to claim compensation of 3,540 million dollars from the Mexican government.
While Eco Oro claims to have invested US$250 million in the project, it is seeking US$764 million as compensation for the cancellation of the project.
The annulment committee has dismissed Churchill’s application for annulment of the award for the dispute arising out of the revocation of the mining licenses that made up the East Kutai Coal Project in East Kalimantan.
Les sociétés minières canadiennes ont encore mauvaise presse au Mexique, car elles ne respecteraient pas les droits de peuples autochtones.
The company said illegal blockades have prevented access to the Amulsar gold project since late June 2018.
Long-running case began after New Jersey company’s bid to open a quarry in Nova Scotia rejected in 2007
A group of US investors have taken Rwanda to an international court, seeking compensation of $95 million after the government seized their mining concessions, effectively denying them operating licences.
Today, the 6th of February 2019, the Romanian town of Roşia Montană celebrates its 1888th year of existence. Over the past 20 years, residents have fought against a proposed multi-billion dollar mining project.
Westwater Resources, an energy materials development company, announced the filing of a request for arbitration against the Republic of Turkey for the taking of its Temrezli and Şefaatli uranium projects in June 2018.
Gabon has shown interest in entering into a Bilateral Investment Treaty with India. Gabon has the 6th largest reserves of Manganese in the world. Gabon is also making efforts to attract investment from India in construction of railway lines in key mining clusters.
Venezuela made an partial payment of a settlement designed to resolve a $1.2 billion arbitration award to a bankrupt Canadian gold miner that’s laying claim to the assets of the parent of refiner Citgo Holding Inc. if it’s not paid in full.
The Hague-based Permanent Court of Arbitration has awarded South American Silver $18.7 million for amounts invested and another $9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.
Businesses in the mining sector and beyond insist protection for Australian investors in Indonesia is required in a free trade deal.
A case filed by Cortec Mining Ltd and two others against the Republic of Kenya under the Kenya-UK BIT amounting to Ksh.200billion has been dismissed.
Rwanda faces an international arbitration suit filed by two American firms contesting the cancellation of their mining concession.
Australian mining could also benefit from reductions in Australian tariffs on European mining-related equipment and manufactures, and in European tariffs on a number of minerals and metals commodities.
After a 14-year dispute between Quiborax and the Bolivian government, the International Centre for Settlement of Investment Disputes (ICSID) rejected Bolivia’s application to annul a US$48.6mn award in favor of the Chilean mining company.
Exmingua is planning to launch arbitration proceedings against Guatemala following the suspension of its Tambor gold project.