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Tag: ICSID

Companies

Mining Company Seeks Legal Enforcement Against Colombia for Royalty Dispute

March 11, 2025March 11, 2025 - by Carmen Mendez - Leave a Comment

An Australian mining company is seeking to enforce an ICSID award in a US court, demanding reimbursement from Colombia for overpaid royalties. This legal action could affect international investment dynamics …

Mining Company Seeks Legal Enforcement Against Colombia for Royalty Dispute Read More
Companies

Orano Initiates Arbitration Against Niger Over Uranium Mining Dispute

March 7, 2025March 7, 2025 - by Carmen Mendez - Leave a Comment

Orano has filed for arbitration against Niger at ICSID due to a dispute regarding the Imouraren uranium mine, citing financial distress linked to the revocation of its mining license and …

Orano Initiates Arbitration Against Niger Over Uranium Mining Dispute Read More
Business / Companies

Tanzania Concludes Settlement with Montero Mining Over Wigu Hill Project

March 6, 2025March 6, 2025 - by Allegra Nguyen - Leave a Comment

Montero Mining has received the final US$7 million payment from Tanzania, concluding a long dispute over the Wigu Hill project. The US$27 million settlement was reached out of court, reducing …

Tanzania Concludes Settlement with Montero Mining Over Wigu Hill Project Read More
Business / Companies

Tanzania Completes $27 Million Settlement with Montero Mining

March 6, 2025March 6, 2025 - by Marcus Chen - Leave a Comment

Tanzania has finalized a $27 million settlement with Montero Mining regarding the Wigu Hill project. The payment was completed in installments, concluding an extensive legal dispute that began with the …

Tanzania Completes $27 Million Settlement with Montero Mining Read More
Business / Companies

Montero Mining Concludes US$27 Million Settlement with Tanzania

March 4, 2025March 4, 2025 - by Marcus Chen - Leave a Comment

Montero Mining has received the final US$7 million payment from Tanzania, completing a US$27 million settlement regarding the Wigu Hill project expropriation. The Company will assess legal costs and plans …

Montero Mining Concludes US$27 Million Settlement with Tanzania Read More
Companies

Spanish Investor Receives $194 Million Ruling Against Peru Over Corruption-Linked Project

January 3, 2025January 3, 2025 - by Allegra Nguyen - Leave a Comment

The ICSID has awarded a Spanish energy company US$194 million against Peru for the cancellation of a natural gas pipeline project linked to the Odebrecht scandal. The tribunal rejected the …

Spanish Investor Receives $194 Million Ruling Against Peru Over Corruption-Linked Project Read More
Companies

Peru Triumphs Over Contractor Bid to Annul ICSID Award on Highway Upgrade

November 28, 2024November 28, 2024 - by Carmen Mendez - Leave a Comment

Peru has defeated a contractor’s effort to cancel an ICSID award that dismissed a US$150 million claim over delays in upgrading the Pan-American highway, solidifying the outcome of this major …

Peru Triumphs Over Contractor Bid to Annul ICSID Award on Highway Upgrade Read More
Companies

Tanzania Settles Third ICSID Mining Case with Canadian Company

November 22, 2024November 22, 2024 - by Carmen Mendez - Leave a Comment

Tanzania has agreed to pay US$27 million to a Canadian mining company to settle an ICSID case related to revoked mining licenses. This marks the third settlement the government has …

Tanzania Settles Third ICSID Mining Case with Canadian Company Read More
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