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Investor sentiment of the revised Mining Charter 2017 at breaking-point
The Revised Mining Charter 2017 could, in respect of certain provisions thereto, result in BIT guarantees for qualifying foreign investors being infringed.
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.
District court confirms arbitral award against Venezuela in dispute over gold deposits contract
A federal district court in Washington, D.C. recently confirmed a $1.2 billion arbitral award in favor of Crystallex International Corp
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.
The Reko Diq mystery
The final amount of damages payable to TCC in the Reko Diq case may carry serious implications for future development projects in Balochistan.
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.
Churchill gets provisional stay on tribunal award
Churchill filed an annulment application after an ICSID Tribunal granted Indonesia’s application to dismiss the company’s claims for damages following the revocation of mining licences.
El Salvador freezes OceanaGold bank accounts, assets over $8 mln payment
El Salvador froze bank accounts and assets belonging to OceanaGold Corp after the mining company refused to pay the country $8 million as mandated by an international court.
Kingsgate to talk with Thai government
The Thai government says it is ready to hold talks with Australian goldmining company, Kingsgate Consolidated, over the closure of its Thai mining operations last year.
Churchill calls for annulment of ICSID decision on damages claim against Indonesia
Aim-listed Churchill Mining has lodged an application to have the ICSID Tribunal’s decision to dismiss claims for damages against Indonesia
Kingsgate seeks Thai gold mine resolution
Australian goldminer Kingsgate Consolidated is banking on free trade agreement provisions to press the Thai government to open talks over its 2016 decision to shut all gold mines.
U.S. firm Cobalt threatens arbitration over Angolan oil assets
U.S. oil firm Cobalt said it would seek arbitration if Angola’s state-run Sonangol failed to extend license deadlines on two deepwater blocks
Churchill updates on $1.3bn claim against the Republic of Indonesia
Churchill Mining says it continues to pursue its $1.315bn claim against the Republic of Indonesia in relation to the revocation of its licenses at the East Kutai Coal Project.
Australian-Canadian miner ordered to pay interest to El Salvador
A giant Australian-Canadian gold mining group, OceanaGold, has been ordered to pay interest on $8 million in legal costs awarded to El Salvador over a lawsuit it lost.
Australian miners seeking new free trade deals
The Minerals Council of Australia has called on the Government to pursue further trade liberalization through bilateral and regional trading agreements.
IBON tells DENR to be firm vs big miners
Mining firms should not resort to international arbitration in forcing the Department of Environment and Natural Resources to revoke its decision to suspend 28 mines and cancel 75 mineral-production sharing agreements.
U.S. court upholds award to miner Crystallex in Venezuela dispute
A U.S. court has upheld an award by a World Bank Tribunal that orders Venezuela to pay more than $1 billion to Canadian mining company Crystallex, paving the way for the firm to seize assets for the 2008 expropriation of the Las Cristinas gold project.