2.1 C
Supported byspot_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

Current Accusations Against Tara Resources, the Concessionaire, Found to Be Unsubstantiated

The most likely outcome, if the concession agreement for the Brskovo mine is terminated, is that the concessionaire, Tara Resources, will initiate arbitration against...

Titan Lithium Plans Establishment of Lithium Processing Plant in the UAE

KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Titan Lithium have announced the signing of a 50-year land lease...

Outdated 1872 Law Exempts Gold, Silver, and Lithium Mining on Federal Land from Royalties to the US Treasury

When Congress opened U.S. public lands for mining in 1872, the nation was less than a century old. Miners used picks, shovels and pressurized...

Allied Nations, Including US, Advance Rare Earth Recovery Initiatives in Response to China’s Dominance

Rare Element Resources is working to establish US-based rare earth production using innovative recovery and separation technology. Forty years ago, China understood something long before...
Supported by
Supported by
Supported by
error: Content is protected !!