Industry: Natural Resources

An Australian miner has made good on its threat to file an ICSID claim against Burkina Faso over a gold project – as another mining company instructs counsel for a potential investment treaty claim against Ghana.

12 December 2024

A Russian court has ordered Germany’s Commerzbank to withdraw a €95 million ICC case against a Gazprom affiliate over a guarantee for a gas plant project and seek to overturn an English anti-suit injunction issued in support of the arbitration. 

11 December 2024

A Canadian investor has launched an ICSID claim against Niger over the revocation of its mining rights for a uranium project.

10 December 2024

Panama has agreed to satisfy a US$26.7 million ICSID award obtained by a US company over a cancelled mining concession, while settlement negotiations continue with another investor in a dispute over a construction project.

05 December 2024

A panel at GAR Live Sydney discussed the evolution of international arbitration in the mining sector, including the impact of the energy transition, ESG issues and the delicate balance involved in treaty cases.    

03 December 2024

The Delaware court overseeing the auction of Venezuela’s US refinery business Citgo Petroleum is set to overhaul the process after the country’s arbitral creditors refused to support a proposed US$7 billion sale.  

02 December 2024

The Commercial Court in London has enforced a US$325 million LCIA award obtained by the China National Petroleum Corporation's Chad subsidiary against a Geneva-based oil dealmaker, ruling that an appeal was time-barred.

27 November 2024

A Jordanian investor is set to file an ICSID claim against Egypt over a project to build a gas terminal along the Suez Canal – having brought three earlier cases against the state that were settled. 

22 November 2024

A Canadian mining company says Tanzania has agreed to pay US$27 million to settle an ICSID case over the revocation of mining licences – the third settlement the state has reached with investors who held those permits.

21 November 2024

Arbitrators from Egypt, Switzerland and Turkey made up the ICC tribunal that issued a €230 million award against Russia’s Gazprom last week.  

18 November 2024