mining


Russians warn of arbitration against South Africa
RUSSIAN attorneys have warned they will institute international arbitration proceedings against South Africa for failing to protect their client Transasia Mineral’s investment after the company was allegedly defrauded of R458 million by a local businessman.
Deep-sea salvage firm uses NAFTA to fight Mexican environmental rules
A lawsuit filed against the Mexican government for denying a permit for seabed mining has put a spotlight on the lack of international rules for such practices.
How ‘blood mineral’ traders in Rwanda are helping fund Congo rebels – and undermining global supply chains
New evidence from a UN report and a high-profile investor arbitration case is casting a spotlight on Rwanda’s role in sophisticated smuggling networks that extract gold and coltan from Congolese conflict zones and funnel the strategically important minerals illicitly into global supply chains.
Corporate update – UNESCO inscription of Roşia Montană
The UNESCO application and inscription are fundamentally at odds with Romania's obligations under its investment treaties in relation to Gabriel’s gold and silver project.
Ancient Romanian gold mine given UNESCO protection
The derailment of the plans led Canadian mining company Gabriel Resources to sue the Romanian government for $5.7 billion before the Washington-based ICSID.
Indiana Resources : Compensation claim of AU$127m lodged against Tanzania
Indiana Resources files a memorial on the arbitration with Tanzania over the expropriation of the Ntaka Hill Nickel Project, whereby it claims the amount of AU$127 million, including interest which continues to accrue.
Romania mining town Rosia Montana eyes UNESCO restart
Meanwhile, Gabriel Resources has taken Romania before the World Bank's International Centre for Settlement of Investment Disputes, seeking $4.4 billion (3.7 billion euros) in damages.
Prairie makes a claim against Polish government
Prairie Mining has filed a £806-million statement of claim for compensation against the Republic of Poland as part of its ongoing international arbitration claims.
Costa Rica says wins arbitration case over open-pit gold mine
An international arbitration panel ruled Costa Rica does not owe Canadian miner Infinito Gold compensation after the cancellation of a mining project a decade ago.
TCC challenges BVI court order
The British Virgin Islands high court rejected the TCC plea for attachment of the Pakistan International Airlines assets but also imposed a $5 million cost as well as $50,000 penalty on the company.