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mining

Why is govt in a hurry to pay TCC for Reko Diq?
18-Dec-2014
The Nawaz Sharif government is in an unnecessary haste to settle and pay millions, possibly billions, of dollars as compensation for the Reko Diq gold and copper mines to a discredited and ousted Canadian-Chilean mining consortium, a decision if made may resemble the infamous circular debt payment of Rs500 billion in the early days of the PML-N government.
What “free trade” has done to Central America
25-Nov-2014 FPIF
Ten years after the approval of DR-CAFTA, we are seeing many of the effects that citizens who opposed the deal cautioned about., write Manuel Perez-Rocha and Julia Paley.
FTA could ’lower mine safety’
19-Nov-2014 SBS
Mining groups fear standards could slip at Australian mines if Chinese companies are allowed to bring in their own workers.
Netherlands – Indonesia BIT rolls back implementation of new Indonesian mining law: The case of Newmont Mining vs Indonesia
13-Nov-2014 TNI
The case of Newmont Mining vs Indonesia is a powerful example of how investment agreements, particularly Bilateral Investment Treaties (BITs), are used by companies to get exemptions from government regulations and legislation, undermining democracy and development.
Diet gives final OK on Australian trade pact
9-Nov-2014 Jiji Press
The trade deal could take effect in early 2015, sources say, boosting Australian beef, cheese and wine exports to Japan
Australian company sues El Salvador for its right to pillage
3-Nov-2014 Green Left Weekly
Australian-based company OceanaGold is suing El Salvador for US$301 million for its “right” to continue operating a gold mine that is destroying the Central American nation’s water supply.
Gold Reserve says awarded $740.3 mln in Venezuela Brisas arbitration
23-Sep-2014 Reuters
The International Centre for Settlement of Investment Disputes (ICSID) determined Venezuela must pay US-based miner Gold Reserve $740.3 million for terminating its Las Brisas gold concession, the company said on Monday.
Newmont withdraws mining arbitration case against Indonesia
28-Aug-2014 Reuters
Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in a seven-month dispute that halted exports.
Indonesia 1, Newmont 0
28-Aug-2014 Jakarta Globe
US firm Newmont Mining has withdrawn its arbitration claim against Indonesia
CAFTA investor rights undermining democracy and the environment: Pacific Rim mining case
23-Aug-2014 Public Citizen
Pacific Rim Mining Corp., a Canadian-based multinational firm, sought to establish a massive gold mine using water-intensive cyanide ore processing in the basin of El Salvador’s largest river, Rio Lempa.
Bear Creek announces its intent to commence an arbitration against Peru - Santa Ana dispute
12-Aug-2014 PR Newswire
Canadian company Bear Creek Mining announces that it intends to commence an arbitration proceeding against the government of Peru under the Canada-Peru FTA.
The Japan-Mongolia FTA is about cars, minerals and abductees
23-Jul-2014 The Diplomat
Mining is expected to become a much larger portion of their overall trade, with an investor-state dispute settlement (ISDS) clause instituted to protect companies and allow them to seek compensation if government policy negatively impacts their investments.
FTA opens up Japan’s $5 trillion market
8-Jul-2014 AAP
The financial services industry appears to be a winner under the landmark free trade agreement negotiated between the Abbott government and Japan.
Newmont files for arbitration against Indonesia government on ore-export ban
3-Jul-2014 Dow Jones Newswires
Newmont Mining Corp. said Tuesday it is filing for international arbitration against the Indonesian government for a mineral-export ban.
Canada targets South Africa as priority market in Africa
24-Jun-2014 Globe and Mail
Canadian Trade Minister Ed Fast said he will continue to lobby South African leaders about the benefits of bilateral investment treaties, despite their rejection of the idea. Canada signed a BIT with Burkina Faso this month and Fast announced this week that Madagascar is moving toward a similar deal with Canada.
East Kutai may file criminal charges against Churchill
5-Mar-2014
The local administration in East Kutai regency, East Kalimantan, has threatened to file criminal charges against British company Churchill Mining Plc for allegedly forging its mining permits to operate mine areas in the regency.
In for messy litigation
3-Mar-2014
Several local newspapers misread the recent decision by the Washington-based International Center for Settlement of Investment Disputes (ICSID) as a verdict forcing the Indonesian government to pay over US$1 billion in compensation to the plaintiff, London-listed Churchill Mining Plc, in regard to its coal mining concessions in East Kalimantan.
US firm’s FTA plan to keep mine
17-Jan-2014 The Australian
An American investor plans to invoke the US-Australia Free Trade Agreement to prevent the NSW government cancelling a coal exploration licence that the Independent Commission Against Corruption said is tainted by corruption and should be expunged.
Reko Diq finally abandoned by Canadians, TCC
10-May-2013
Tethyan Copper Company (TCC), a joint venture between Canada’s Barrick Gold and Chilean miner Antofagasta, has given up hope of eventually mining Reko Diq, a disputed but promising copper-gold project in Pakistan’s poorest region, Reuters news agency reported on Wednesday.
Canada strengthens its ties with Africa by concluding negotiations of bilateral investment treaties
10-Apr-2013 Lexology
On March 4, 2013, the Minister of International Trade of Canada announced the conclusion of the negotiations of Bilateral Investment Treaties with Cameroon and Zambia — home of iron ore, copper and other mineral deposits.