The minister of culture says that the government has proposed the delay of the inclusion of Rosia Montana in the UNESCO World Heritage list until there is a final ruling in the case opened by Gabriel Resources against Romania.
Company is seeking $4.4bn in compensation for alleged losses related to its Rosia Montana gold and silver project, which Romania refused to approve following relentless protests.
La reclamación se da por un contrato suscrito entre la multinacional suiza y la nación en 1989 para la explotación de la mina Calenturitas, en el Cesar.
Gabriel Resources will have to wait until late 2019 to find out whether Romania will have to pay it $4.4 billion in alleged losses related to the company’s Rosia Montana gold and silver project.
Guatemala se expone a un nuevo arbitraje internacional con posibilidad de una demanda millonaria debido a la suspensión de operaciones del proyecto minero El Tambor, propiedad de Exmingua.
Ciadi desestimó la anulación de la sentencia que había solicitado Bolivia, por lo que tendrá que pagar la indemnización a Quiborax, firma ligada a la familia Fosk.
After a 14-year dispute between Quiborax and the Bolivian government, the International Centre for Settlement of Investment Disputes (ICSID) rejected Bolivia’s application to annul a US$48.6mn award in favor of the Chilean mining company.
Canada’s controversial mining sector may be the driving force behind the country’s insistence on protecting foreign investors’ rights over laws that guard its own citizens and environmental values.
Rosia Montana Gold Corporation entered a dispute with the Romanian state at the ICSID after the mining project was blocked as the site was declared a historic monument.