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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.
Thailand faces arbitration over decision to shut only active gold mine
Chatree mine’s operator, Australia’s Kingsgate Consolidated said that it would commence arbitration under the Thailand-Australia Free Trade Agreement
Tanzania edges closer towards total mine nationalisation
New laws revolve around the notion that Tanzania’s domestic law is to be supreme over any international dispute or arbitration decision.
Gold may be kept out of future trade pacts
A big spike in gold imports from countries with which India has trade agreements has caused alarm in the government, which now plans to exclude the yellow metal from such agreements in the future.
Singapore court sets aside award against Lesotho
The Singapore High Court has set aside an investor-state arbitral award on the merits against the Kingdom of Lesotho. The case is an important one, as it concerns whether investors can use arbitration to resolve cases that were pending before the SADC Tribunal when it was dissolved by the SADC Summit in 2014.
Romanian Unesco site proposal may be halted to allow gold mining
Romania’s prime minister has suggested his government will withdraw an application to have the Roman gold-mining area of Roșia Montană declared a Unesco world heritage site, potentially reviving controversial plans to resume mining.
Govt will lose gold mine dispute due to Article 44 use: academics
FTA Watch warns that Thailand would most certainly lose an arbitral tribunal process regarding allegations that it violated the Thailand-Australia Free Trade Agreement, exposing the country to huge losses due to claims for compensation.
Harsh sentencing of Aymara leader reveals the politics of criminalization in Peru
This past month, eighteen Aymara community leaders endured the final stages of a trial that had them facing up to 28 years in prison and massive fines for their alleged roles in the 2011 ‘Aymarazo’ protests against the Santa Ana silver mine on the Peru-Bolivia border.
Pakistan refuses $11.5 billion claim in Reko Diq case
Pakistan has rejected $11.5 billion damages claim made by the Tethyan Copper Company ltd (TCC) a joint venture between Antofagasta and Canada’s Barrick Gold Corporation in the Reko Diq case.
Minefields in investment relations
The Government of India and the Government of Andhra Pradesh are facing an arbitration suit due to the cancellation of bauxite mining approvals in Visakhapatnam. This is the latest in a series of legal actions by foreign investors in the country.
Gabriel: you can always ask but it doesn’t mean we will let you get it!
With Gabriel Resources seeking US$4.4 billion in damages, Alburnus Maior, a prospective amicus curiae in the arbitration case, announces that it aims to file its brief to the ICSID Tribunal until September 2018 at the latest.
Canada’s Gabriel Resources to seek $4.4 bln in damages from Romania
Gabriel Resources Ltd will seek $4.4 billion in damages from Romania for losses related to its long-stalled Rosia Montana gold mine project in a claim that the Canadian miner plans to file with a World Bank Tribunal.
Six years after the ‘Aymarazo’ protests in Peru
Criminal charges pending against 18 community leaders and a billion-dollar court case at ICSID.
Venezuela pays Gold Reserve $40 million on $800 million ICSID expropriation judgment
Gold Reserve Inc. reports that it has received a $40 million payment on its $800 million judgment that it won at the World Bank’s International Center for the Settlement of Investment Disputes (ICSID) in 2014.
Australian miners hail Peru trade talks
The Minerals Council of Australia has said that the country’s mining sector will benefit from the proposed new free trade agreement with Peru.
Australia to benefit from ‘TPP minus one’ free trade deal – MCA
The Minerals Council of Australia (MCA) has welcomed the revival of the Trans-Pacific Partnership (TPP), saying Australia would stand to gain significant economic benefits from the regional trade agreement.
US oil firm Cobalt files for arbitration against Angola for $2 bln
U.S. oil firm Cobalt said it had filed requests for arbitration seeking more than $2 billion from Angola’s state-run Sonangol.
High Court the final authority? Think again
US mining company Nucoil is using a free trade agreement to put pressure on the Australian government to pay compensation over cancelled licences.
Canada’s Gran Colombia Gold files $700 million lawsuit against Colombia over Marmato project
Canadian miner Gran Colombia Gold has filed a US$700 million lawsuit against Colombia under the Colombian-Canadian free trade agreement after the government ordered the company to cease operations at the El Burro site in Marmato.