Organisation: Freeport-McMoRan

A US court has issued a default judgment permitting a telecoms company to enforce ICC awards worth US$190 million against Peru – but has refused to do the same against a state agency that is contesting enforcement.  

02 October 2024

A newly published ICSID award that dismissed a US$1 billion claim against Peru over mining taxes reveals the tribunal was split over the scope of a 1990s stability agreement.  

13 June 2024

Peru says it has defeated a US$1 billion ICSID claim lodged by a US mining company over a retroactive demand for royalties. 

17 May 2024

Nineteen new panels have been formed at ICSID in the past six weeks, including first-time appointments for Elisabeth Eljuri, Sylvia Tonova, Andrea Bjorklund and Penelope Ridings.

13 May 2021

A subsidiary of a Japanese mining company has followed its US partner in launching an ICSID claim against Peru after their joint venture was handed a demand for US$316 million in royalties.

14 May 2020

A US mining company has filed an ICSID claim against Peru after its subsidiary was handed a US$316 million royalties demand.

04 March 2020

US mining company Freeport-McMoRan has threatened to bring a claim against Indonesia over new export regulations affecting one of the largest copper mines in the world if the parties fail to resolve the dispute in the next 120 days.

20 February 2017