Almadex has filed its memorial submission relating to its international arbitration proceedings under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership with Mexico, seeking damages of US$1.06 billion.
Ferrexpo plc has provided a formal written notification to Ukraine under international investment agreements in place between Ukraine and the United Kingdom and Ukraine and Switzerland.
Morocco-focused potash development company Emmerson has drawn down the first tranche of funding under the Capital Provision Agreement, which will provide the company with up to $11-million in both litigation finance capital and working capital.
La compagnie minière Emmerson a procédé à l’activation de la première tranche de son financement dédié à son recours suite à son différend avec le Maroc concernant l’autorisation environnementale d’une mine de potasse dans la province de Khémisset.
Companies can sue governments for closing oilfields and mines – and the risk of huge damages is already stopping countries from passing green laws, ministers say.
Communities and ecosystems across the globe face heavy environmental damage from intensifying mining operations. A people’s tribunal probed the Canadian mining industry’s impact on the natural world and the people defending it.
The arbitration arises from Venezuela’s measures that deprived GR Mining of its rights to, and materially damaged its investment in, the multi-billion-dollar Siembra Minera mining project located in Venezuela.
Montero confirms that US$7,000,000 in cash have been received by the Company from Tanzania, which is expected to put an end to the dispute in connection with Tanzania’s expropriation of Montero’s Wigu Hill rare earth element project.