Glencore picks Freshfields as mining giant sues Colombia over coal deal

Mining and commodities giant Glencore has instructed Magic Circle firm Freshfields Bruckhaus Deringer to sue Colombia over claims the government sought to revoke parts of a coal mining license. Glencore, which in March reported a 32% drop in annual profits after being hit by weak commodity prices, has filed an arbitration claim at the International Centre for Settlement of Investment Disputes (ICSID) in Washington DC over claims the Colombian government has sought to revoke parts of an amended concession agreement signed with government in 2010 to expand the mine.