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.
La Colombie a remporté un procès contre la société minière canadienne Montauk Metals, qui réclamait 240 millions de dollars canadiens pour l’avoir expropriée d’une zone d’extraction d’or dans un écosystème fragile du nord-est du pays.
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.
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.
Orla Mining is exploring all legal remedies available to protect its investments in respect of the Cerro Quema Project. The company intends file a notice of intent to arbitrate under the Panama-Canada Free Trade Agreement.
Une compagnie minière canadienne a perdu une procédure d’arbitrage contre la Roumanie, qui avait bloqué son projet d’exploitation d’une mine d’or sur un site désormais inscrit sur la liste du patrimoine mondial de l’UNESCO, a annoncé Bucarest.
The Romanian government has won a years long legal dispute with a Canadian mining company seeking damages over failed plans to open a gold and silver mine in the Eastern European country.