{"id":3714,"date":"2016-05-16T04:07:24","date_gmt":"2016-05-16T09:07:24","guid":{"rendered":"http:\/\/itn.mattrock.ca\/?p=3714"},"modified":"2024-08-09T18:26:56","modified_gmt":"2024-08-09T16:26:56","slug":"three-mining-disputes-the-first-investment-disputes-against-colombia-come-to-light","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2016\/05\/16\/three-mining-disputes-the-first-investment-disputes-against-colombia-come-to-light\/","title":{"rendered":"Three mining disputes: the first investment disputes against Colombia come to light"},"content":{"rendered":"<p>On February 19, 2016, Cosigo Resources (Canada) and Tobie Mining and Energy (United States) submitted an arbitration request against Colombia under the Free Trade Agreements (FTAs) concluded by Colombia with the United States and Canada. The claimants argue that their investment in the mining concession of Taraira South was expropriated fraudulently and without compensation. The concession is located in the Amazon region, within the Yaigoj\u00e9 Apaporis Natural Park, created by the Colombian government by means of a resolution. The claimant seeks US$16.5 billion for expropriation and US$11 million for the costs incurred to acquire the concession.<\/p>\n<p>The Canadian company Eco Oro Minerals also\u00a0<a href=\"http:\/\/www.eco-oro.com\/s\/NewsReleases.asp?ReportID=741972&amp;_Type=News-Releases&amp;_Title=Eco-Oro-Minerals-Notifies-Colombian-Government-of-Investment-Dispute\">announced a dispute with Colombia on its web page<\/a>\u00a0in March, alleging a delay in the delimitation of the P\u00e1ramo de Santurb\u00e1n environmental protected area, where mining activities had been prohibited, and claiming that its investments suffered from adverse effects as a result. The company warned that, if no agreement were reached during the next six months, it would submit the dispute to international arbitration under the Colombia\u2013Canada FTAs.<\/p>\n<p>Finally, on March 16, the Swiss giant Glencore\u00a0<a href=\"https:\/\/icsid.worldbank.org\/apps\/ICSIDWEB\/cases\/Pages\/casedetail.aspx?caseno=ARB\/16\/6&amp;tab=PRO\">submitted a third claim<\/a>\u00a0against Colombia at the International Center for Settlement of Investment Disputes (<span class='tooltipsall tooltipsincontent classtoolTips18'>ICSID<\/span>), under the 2006 Colombia\u2013Switzerland bilateral investment treaty. The mining company claims that the Colombian government has cancelled its concession agreement that enabled the expansion of activities in the Calenturitas and La Jagua mines.<\/p>\n<p><em>Notes<\/em>:\u00a0The editorial team acknowledges, with many thanks, the contribution by Carolina Mu\u00f1oz Bernal.<\/p>\n<p><em><a href=\"https:\/\/www.iisd.org\/itn\/2016\/05\/16\/news-in-brief-23\/\">Read more News in Brief<\/a><\/em><!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips18','International Centre for Settlement of Investment Disputes'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips32','International Institute for Sustainable Development<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips33','Institut international du d\u00e9veloppement durable'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips34','Instituto Internacional para el Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips60','Investment Treaty News'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips65','East African community'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips70','free trade agreement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips72','Investment Court System'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips104','responsabilit\u00e9 sociale des entreprises'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips106','asociaci\u00f3n p\u00fablica-privada'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>On February 19, 2016, Cosigo Resources (Canada) and Tobie Mining and Energy (United States) submitted an arbitration request against Colombia under the Free Trade Agreements (FTAs) concluded by Colombia with the United States and Canada. <script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips70','free trade agreement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[1932,1929,1925,1910],"class_list":["post-3714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bits","tag-ftas","tag-investor-state-dispute-settlement-isds","tag-mining"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/3714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=3714"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/3714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=3714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=3714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=3714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}