Kosovo will pay over 6.7 million euros to MabCo Constructions, owned by former President Behgjet Pacolli, following a decision by the Arbitration Tribunal in Washington.
Companies can sue governments for closing oilfields and mines – and the risk of huge damages is already stopping countries from passing green laws, ministers say.
Communities and ecosystems across the globe face heavy environmental damage from intensifying mining operations. A people’s tribunal probed the Canadian mining industry’s impact on the natural world and the people defending it.
The arbitration arises from Venezuela’s measures that deprived GR Mining of its rights to, and materially damaged its investment in, the multi-billion-dollar Siembra Minera mining project located in Venezuela.
Investor-State Dispute Settlement has become a significant concern for African nations, as it often privileges multinational corporations at the expense of local governance and public welfare.
Montero confirms that US$7,000,000 in cash have been received by the Company from Tanzania, which is expected to put an end to the dispute in connection with Tanzania’s expropriation of Montero’s Wigu Hill rare earth element project.
Kazakhstan has overturned a $54.5 million arbitral award previously granted to World Wide Minerals Ltd., a Canadian junior miner, in relation to a terminated uranium processing project.
Amidst all the chaos brought on by Trump’s tariff threats, Canada’s federal trade minister celebrated a minor win this month: the finalization of a trade agreement with Ecuador.