The Kenya government has not announced how payments it receives from mining companies called royalties would be used. Mining Secretary Najib Balala is expected to present legislation, proposing that the central government take 70% of mining royalty, local government would receive 25% and local communities would receive 5%.
Kenya Cortec Mining Kenya Limited, Cortec (Pty) Limited and Stirling Capital Limited v. Republic of Kenya (ICSID Case No. ARB/15/29) Expand / Collapse All Applicable IIA. Kenya - United Kingdom BIT (1999) Nationality of the parties. Respondent State(s) ...
The appellant, Cortec a Canadian mining company had applied to the Court Appeal to have a decision by the High Court of Kenya overturned. The respondents argued that there were several sectors and factors which were not granted proper representation and consideration when the decision to grant Cortec with a mining license for prospecting and exploration.
A case by Cortec Mining (K) Ltd and two others against the Republic of Kenya amounting to Ksh.200billion has been dismissed. In the case filed in June 2015, the mining firm sought compensation after the government cancelled its mining licences for the exploration and development of minerals in Mrima Hills, Kwale County terming it as 'unlawful'.
In Cortec v. Kenya, an investor-state arbitral tribunal established under a bilateral investment treaty (BIT) held it lacked jurisdiction to hear a dispute concerning a mining project that the tribunal found did not comply with domestic environmental law.The award raises significant issues of public international law, including how questions of investor compliance are …
The cases, filed by investors against the Kenyan government, are Cortec Mining Kenya Limited, Cortec (Pty) Limited and Stirling Capital Limited v Republic of Kenya and Walam Energy Inc. v Republic of Kenya. The ICSID Tribunal in the Cortec Mining case in October 2018 issued an award in favour of the Republic of Kenya.
2. Cortec Mining Kenya Limited, Cortec (PTY) Limited, and Stirling Capital Limited v Republic of Kenya, ICSID Case No. ARB/15/29 - Final Award (22 October 2018) (Award). 3. Cortec Mining Kenya Limited, Cortec (Pty) Limited and Stirling Capital Limited (collectively, Cortec), each a subsidiary of Canada's Pacific Wildcat Resources Corp. 4.
In February 2012 Cortec Mining Kenya Ltd submitted an EIA to NEMA for Niobium and rare earths mining in Mrima Hill which was rejected. Nature Kenya and Kenya Forest Working Group had objected to the EIA on grounds that Mrima Hill was declared a Nature Reserve and National Monument because of its natural and cultural riches ant therefore exploitation of its …
Cortec v Republic of Kenya: Cautionary tale on local due diligence for international mining projects. On March 19, 2021, [1] an ad hoc Committee for the International Centre for Settlement of Investment Disputes (ICSID) upheld a 2018 ICSID award, [2] which found that, in order to be protected under international investment law, the mining ...
Cortec Mining Kenya Limited . Commissioner : Commissioner of Mines and Geology . Cortec UK : Cortec (Pty) Ltd . EIA : Environmental Impact Assessment . EPL : Exclusive Prospecting Licence . Equity Participation Regulations : The Mining (Local Equity Participation) Regulations 2012, which entered into force on 27 September 2012 . First Western
Kenya | Investment Arbitration Reporter. Cortec Mining v. Kenya. Cortec Mining v. Kenya. You are not logged in. If you are a subscriber, please Login to view additional case details. If you are not a subscriber, you can contact us for a rate quote at [email protected]. Alternatively, you can sign up to receive free email headlines here.
This case comment discusses an investor-state arbitral award rendered under the bilateral investment treaty between Kenya and the United Kingdom. The dispute relates to a mining project in Kenya. Cortec Mining Kenya Limited, Cortec (Pty) Limited, and Stirling Capital Limited v.
Mining Kenya Limited, Cortec (Pty) Limited and Stirling Capital Limited v. Republic of Kenya12. The contract involved investments in the Kenyan mining sector, including a 21-year mining license for the extraction of rare earths at the Mrima Hill project, southern part of …
Home Cortec Mining Kenya Limited, Cortec (Pty) Limited and Stirling Capital Limited v. Republic of Kenya. About Us. The International Arbitration Society established the Arbitration Database in May 2008. It is a website destined to become one of the biggest free online databases for lawyers and scholars seeking articles and cases related to ...