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Diet gives final OK on Australian trade pact
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
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
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
Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in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
US firm Newmont Mining has withdrawn its arbitration claim against Indonesia
CAFTA investor rights undermining democracy and the environment: Pacific Rim mining case
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
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
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
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
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
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
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
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
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
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
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.
Reko Diq saga: Balochistan wins again
Amidst continuing violence plaguing Balochistan, there is now a cause of joy for the Baloch people and the government.
Reko Diq: the other side
Earlier last month, a three-member bench of the Supreme Court headed by Chief Justice Iftikhar Chaudhry declared null and void the Reko Diq gold and copper mine agreement, the Chagai Hills Exploration Joint Venture Agreement (CHEJVA), with Tethyan Copper Company (TCC).
The Reko Diq Saga
The Supreme Court recently declared void and illegal a mining deal for the Reko Diq copper project signed 20 years ago between the Balochistan government and international mining companies.
Supreme Court trashes Reko Diq agreement
It is wonderful that the stance of the government of Balochistan has been upheld by the Supreme Court (SC) of Pakistan. Decision given on 7th January, 2013 by the SC has declared the agreement on Reko Diq signed on July 23, 1993 as void and in conflict with the laws of the country. Tethyan Copper Company Pvt Limited (TCC) also lost its case in the International Centre for Settlement of Investment Disputes (ICSID) on December 13, 2012.