Stock Market Wire | 8 November 2019
Aura Energy files claim against Sweden to recover losses following uranian mining ban
Aura Energy lodged a claim against Sweden to recover the losses incurred from the Haggan uranium project following the country’s decision to ban uranian mining and exploration in August last year. Based on the Energy Charter Treaty (ECT), Aura Energy notified Sweden in writing of its claim. The ECT provided a level playing field of rules to be observed by all participating governments, thereby mitigating risks associated with energy-related investment and trade. Aura Energy said it had requested an amicable settlement from Sweden.