Tribunal Dismisses Majority Of Claims Against Uzbekistan, Awards $10 Million

(December 23, 2015, 11:57 AM EST) -- LONDON — A London mining company on Dec. 23 said a tribunal has issued an award dismissing the majority of its claims against the government of Uzbekistan, but awarded it $10,299,572 for a breach of fair and equitable treatment.

Joint Venture

On Aug. 31, 2011, Oxus Gold commenced arbitration against Uzbekistan in relation to its investments in the Amantaytau Goldfields Joint Venture (AGF) and the Khandiza deposit. Oxus Gold said in a press release the tribunal has dismissed its claims related to investments in the Khandiza...
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