Britain's anti-fraud regulator has opened an investigation into suspected corruption in Australian-British miner Rio Tinto Plc's business conduct in the Republic of Guinea, the agency said.
June proved to be a hot month for Canada’s Barrick Gold Corp. (Barrick) and its London-based 63.9%-owned subsidiary Acacia Mining plc. (Acacia). Both in Tanzania’s capital Dar es Salaam and at the North Mara Gold Mine ltd. (North Mara) problems escalated for the companies.
When the great - no doubt sometimes also good, but frequently woefully ignorant - among mining outfits (and their desk-bound investment advisors) look at a risk-laden, problematic, prospect like Bougainville Copper Ltd's Panguna mine, any upturn in commodity markets are apt to be heralded as a golden opportunity.
With Gabriel Resources seeking US$4.4 billion in damages, Alburnus Maior, a prospective amicus curiae in the arbitration case, announces that it aims to file its brief to the ICSID Tribunal until September 2018 at the latest. It will detail compelling concerns and information overlooked by the parties to the case.