The World Bank’s ICSID ruled in favour of Colombia in a feud with Canada’s Montauk Metals after finding that the mining ban imposed by the Gustavo Petro administration on the Santurbán moor does not violate the Canada-Colombia Free Trade Agreement signed in 2008.
Chilean and Canadian partners of the Montecon consortium handling operations in the port of Montevideo have started an arbitration process for “damages and losses” worth up to US$ 600 million against the Uruguayan State.
A British trade official called on Prime Minister Justin Trudeau’s government to ratify the UK’s entry into a Pacific trade deal by the end of the year, despite opposition from some Canadian agriculture groups.
Surging violence surrounding Canadian mining projects in Ecuador should raise red flags for the Canadian government as it commences trade talks with the Ecuadorian government.
Earlier this year, ICSID dismissed the claims of Gabriel Resources in the Roșia Montană case. The court also obliged the companies to pay Romania the costs of the lawsuit, as well as interest.
The Canadian and Ecuadorian governments continue to forge ahead with free trade agreement plans, despite opposition from social movements and Indigenous Peoples within Ecuador, along with rampant instability.
Romania has placed a lien on over 80% of the shareholding held by Gabriel Resources in Roșia Montană Gold Corporation to recover its $10 million arbitration costs incurred over a 9-year process in Washington.