-1.7 C
Belgrade
Supported byspot_img
spot_img

Arbitrators Won’t Dismiss $210M Kyrgyzstan Mining Claims

Member of Europium Groupspot_img
Supported byspot_img

An arbitration tribunal hearing a $210 million arbitration against the Kyrgyz Republic for canceling a Canadian company’s licenses to mine rare earths has rejected the country’s challenges to its authority to hear the case, the company told shareholders Thursday.

The decision means that claims will advance to the merits stage, Stans Energy Corp. said. The dispute comes after setbacks to the company’s effort to enforce a separate arbitral award worth $118 million were rejected twice by Canadian courts, which prevented Stans from seizing assets belonging to…

source: law360.com

Supported byElevatePR Digital

Related News

Important Announcement to Our Readers

After years of dedicated efforts to promote the European mining industry and foster a balanced approach between environmental conservation and the responsible exploitation of...

India set to decide on import restrictions for metallurgical coke

India is set to make a decision soon on whether to implement import restrictions on metallurgical coke, a crucial ingredient in steelmaking. According to...

AMMC targets major production milestones by 2030 with ongoing development projects

Almalyk Mining and Metallurgical Combine (AMMC) has set ambitious production goals for 2030, aiming to achieve annual output of 500,000 tons of copper, 50...

Kazatomprom partners with Jordan uranium mining company on joint uranium exploration and extraction

Kazatomprom, Kazakhstan's national atomic company, has entered into a collaboration with Jordan Uranium Mining Company (JUMCO) to jointly explore and extract uranium in Jordan....
Supported by
Supported by
Supported by
error: Content is protected !!