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Japan wants resources clause in FTA deal
Japan may try to have a specific clause to safeguard its imports of coal and iron ore inserted into any free trade deal with Australia.
Claim against ROA Government
Global Gold mining company submitted its claim to the International Center for Settlement of Investment Disputes (ICSID), a body adjunct to the World Bank, against the Government of the Republic of Armenia (ROA). The Company is trying to protect its investment rights in arbitration court.
Italian lawsuit against SA government reinforces historical injustice
Finstone Ltd SA, a foreign mining company based in Luxembourg, is suing the South African government for an alleged expropriation of its mineral rights. Finstone is a holding company in control of three South African granite producing operations i.e. Marlin, Red Graniti and Kelgran. The real challenge posed by this legal action is that the abovementioned investors find the black economic empowerment programme is in violation of the bilateral treaties signed with South Africa by both Luxembourg and Italy.
ALBA extends integration to geology and mining
Representatives from four Latin American countries yesterday approved in Havana a declaration for incorporating geology and mining into the Bolivarian Alternative for the Americas (ALBA), according to an AIN report.
US mining firm sues Armenian government
A US company mining gold in Armenia has initiated an international arbitration of its bitter dispute with Environment Minister Vartan Ayvazian whom it accuses of corruption and other violations of the law.
South Africa: Govt faces first expropriation suit
A foreign mining company is suing the South African government over alleged expropriation of its mineral rights in a move that has huge implications for the country’s new mining dispensation.
Peru, China to view viability of free trade deal
Peru and China on Thursday took a first official step toward a free trade agreement that would unite one of giant Latin American metals producer and the world’s most voracious consumer.
APEC moves towards free trade mining
Asia Pacific mining ministers wound up a talkfest in Perth today vowing to explore a free trade agreement between Asia Pacific Economic Co-operation (APEC) members that would dwarf all other FTAs.
In Colombia, free trade means murder and migration
If ratified by Congress, the US-Colombia Free Trade Agreement, which President Bush and Colombian President Alvaro Uribe signed in mid-November, could lead to more hydropower and mining projects in Colombia — and more displacement and violence.
China’s grand plans for Africa a two-way trade
Trade with China is likely to become an increasingly politically sensitive issue for a number of countries on the continent. That is because China is essentially buying the continent’s oil and minerals and selling back manufactured goods, a type of relationship redolent of a colonial one and similar to most of Africa’s existing trade relations with Europe and the US.
Oxus Gold seeks arbitration order to protect Kyrgyz investments
Mining company Oxus Gold PLC said it is seeking an arbitration order to protect its investments in Kyrgyzstan, following the government-sponsored seizure of premises owned by Talas Gold Mining Co, Oxus’ joint venture company at Jerooy. Oxus said that representatives of Jerooyaltyn, a recently created joint venture between Kyrgyzaltyn and Global G.o.l.d, and local police forcibly took possession of the building on Thursday in direct contravention of the UK-Kyrgyz Bilateral Investment Treaty and Kyrgyz law.
SA bid to shield assets in Zim
The South African government is trying to protect its citizens’ rights in the face of Zimbabwean nationalisation moves.
Beijing neglects trade rule
CHINA is now in the World Trade Organisation and is negotiating free trade agreements. It wants to be a player in the game of world trade. Yet it does not understand the rules of that game. How else to explain Beijing’s decision this week to control the price of exports of iron ore from Australia and Brazil? This is not permitted in the WTO world of multilateral trade.
Australian Miners Place Big Hopes On China FTA
If the proposed free-trade agreement between Australia and China can cut the long delays faced by Australian mining companies to get projects off the ground in China, it could give a major boost to Australian mining investments in China.
China-Chile mining agreement, FTA on cards?
China and Chile, the world’s largest copper consumer and supplier respectively, signed a memorandum of understanding to create a joint commission on mining, which paves the way for more Chinese miners to explore the lucrative mining market in the South American nation, said a visiting Chilean official.