Australian-based exploration company Indiana Resources has threatened to attach one of Air Tanzania’s aircraft to force the Tanzanian government to pay nearly $100 million as compensation for a failed nickel project.
La compagnie minière Montero Mining réclame 90 millions de dollars canadiens comme dommages et intérêts en réparation du préjudice causé par l’expropriation du projet de terres rares Wigu Hill en 2018.
Winshear Gold Corp. has filed a case at ICSID against Tanzania for the expropriation of the company’s retention licenses, claiming the country has breached its obligations under the Tanzania-Canada BIT.
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.
The International Centre for the Settlement of Investment Dispute has advised Indiana Resources that the “Arbitral Panel” has now been formed with the first procedural hearing scheduled for the 22nd of April 2021.