Pakistan, Mining Company Settle Dispute Over ICSID Award Worth $11B

Mealey's (March 23, 2022, 12:28 PM EDT) -- The Islamic Republic of Pakistan, its province Balochistan and Barrick Gold Corp., a Canadian mining company that is a partner in a joint venture that won an International Centre for Settlement of Investment Disputes (ICSID) award worth approximately $11 billion against Pakistan for a mining rights dispute, on March 20 announced that they have settled their dispute and agreed in principle to restart exploration at “one of the world’s largest undeveloped open pit copper-gold porphyry deposits.”...