Topic - Cortec Mining Kenya - Mining WeeklyBy: John Muchira 3rd July 2015 Cortec Mining Kenya has lodged a $2-billion lawsuit against the government of Kenya for cancelling its licence for niobium and rare-earth metals mining project. Cortec lodged the lawsuit at the International Centre for Settlement of Investment Disputes following a two-year standoff with.cortec mining kenya,Cortec Mining Kenya Limited, Cortec (Pty) Limited and . - italawCortec Mining Kenya Limited, Cortec (Pty) Limited and Stirling Capital Limited v. Republic of Kenya, ICSID Case No. ARB/15/29. Case type: International Investment Agreement. Applicable arbitration rules: ICSID Convention - Arbitration Rules. Investment treaty: Kenya - United Kingdom BIT (1999). Applicable legal.
Mrima Hill - Pacific Wildcat Resources CorpThe resource is located on a 21 year Special Mining Licence (please note Company's Press Release # 2013-17, on purported revocation of mining licences issued since January 2013 by Kenyan Government for a 60 day review period) held by Cortec Mining Kenya Limited (“Cortec”) a private company incorporated in.cortec mining kenya,Cortec now blames China over revoking of mining licence .Aug 7, 2013 . Cortec Mining Kenya, the Canadian Pacific Wildcat local subsidiary, Wednesday claimed China was behind the Mining secretary's decision to revoke its.John Frank
Jul 15, 2013 . Cortec Mining Kenya Limited has finally been given a go ahead by the National Environment Management Authority to commence the mining and processing of niobi.
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Investments in the Kenyan mining sector, including a 21-year mining license for the extraction of rare earths at the Mrima Hill project, southern part of the country. Summary of the dispute. Claims arising out of the Government's allegedly unlawful revocation of claimant's mining license, following the discovery of new rare.
Aug 7, 2013 . Cortec Mining Kenya, the Canadian Pacific Wildcat local subsidiary, Wednesday claimed China was behind the Mining secretary's decision to revoke its.
Jan 30, 2018 . In late January in Dubai, lawyers Ben Luscombe and Sam Luttrell, from the Australian office of Clifford Chance, pleaded their client Cortec Mining's case against the State of Kenya before the International Centre for Settlement of Investment Disputes (ICSID). Cortec, a subsidiary of Canadian firm Pacific.
Mar 7, 2017 . Britain's Red Rock Resources and its local partner, Mid Migori Mining Co, are to take their case against the mines. . Cortec Mining Kenya began legal action in 2015 before the International Centre for Settlement of Investment Disputes (ICSID) to oppose the cancellation of its niobium production permit (AMI.
Jul 20, 2013 . By PHILIP MWAKIO. Mrima Hill, in Kwale County is among the top five regions in the world with rare earth deposits, with a potential in-ground value of up to Sh5.4 trillion. Lab results released by Cortec Mining Kenya Ltd, indicate that Niobium, valued at Sh3 trillion ($35 billion) exist in the area, in what.
Jun 15, 2016 . The Pacific Wildcat case highlights the serious risk that resource companies take on in volatile emerging markets, particularly countries such as Kenya that have a limited history of large-scale mining. While this is an extreme example of what can go wrong, Canadian miners have fought arbitration battles in.
Jul 20, 2013 . Kenyan government will earn three per cent royalties from the nobium project and five per cent from the rare earths mining. The global demand for niobium, used to strengthen steel, is rising rapidly, with Mrima Hill now positioned in the world's top six deposits. If Cortec's lab results are confirmed, Kenya will.
Feb 8, 2018 . One of the disputes involves a Sh200 billion claim by Cortec Kenya and a Sh61.8 billion claim by Walam Energy. The others have not been posted on the ICSID'S website. However, other firms that have lost their licences include Sirmonet Mineral Kenya, Yongtai Mining Company, Balham Trading.
Jul 24, 2016 . Kenya hasn't been a leader in African mining, with out-of-date laws and mining data meaning that the country missed out on mineral exploration. .. deposit in Kenya and the find at Mrima Hill will make Kenya one of the largest rare earth producers in the world,” said Cortec Kenya Mining managing director.
Jun 23, 2015 . Kenya's profile as a potential top rare earth minerals producer rose significantly when, in 2012, mineral explorer Cortec Mining Kenya Ltd. announced it had found deposits worth 62.4 billion dollars. At the time, the mineral exploration company planned to sink between 160 million and 200 million dollars.
Amount Pacific Wildcat Resources, a subsidiary of Juma's Cortec Mining Kenya Ltd, lost in one day at the Canadian Stock Exchange when Juma's mining licence was withdrawn in Kenya. Cortec Mining had a contract to extract nobium and rare earth metals in Mrima Hill, Kwale County. Juma had 30 per cent stake in Cortec.
Aug 5, 2013 . In 2011, there were only 30 registered mining companies in Kenya – today the number stands at above 300. A Chinese mining corporation recently signed a Sh 8 Trillion mining deal for Niobium mining at Kwale. Cortec Mining, a subsidiary of Canada's Pacific Wildcat Resources (alongside few.
Feb 8, 2018 . The largest of the suits, a $2 billion claim, was brought forth by Cortec Kenya Limited. The company says the Kenyan government revoked its licence to prospect at a site in Kwale County shortly after it obtained a National Management Authority permit. The company had also announced a plan to invest.
Nov 17, 2015 . WASHINGTON, D.C. — The International Tribunal for Settlement of Investment Disputes (ICSID) on Nov. 12 constituted a tribunal to hear an arbitration commenced by two U.K. companies and a Kenyan mining entity against the Republic of Kenya (Cortec Mining Kenya Limited, Cortec [Pty] Limited and.
Oct 28, 2012 . Pacific Wildcat owns a 70% interest in CORTEC MINING KENYA LTD., a private Kenya company which is mainly focusing on the 631km² Mrima Hill project, situated appr. 65km south of Mombasa, that includes a number of exciting targets for specialty metal mineralization, such as niobium and rare earth.
Within: Dispute resolution. Iseme, Kamau & Maema Advocates has an impressive mix of commercial litigation and arbitration work, particularly procurement cases. It defended the Republic of Kenya in International Centre for Settlement of Investment Disputes (ICSID) arbitration proceedings filed by Cortec Mining Kenya.
Mar 13, 2015 . "Although there are resources found like minerals by Cortec mining company, it's activities in Mrima Hill forest should not affect our forests because we depend mostly on them," he said. Kwale County Natural Resource Network chairperson Mohamed Pakia says they have launched a strategic plan to.