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Tribunal to hear miner’s dispute against Tanzania
Friday April 09 2021
Summary
Indiana argues that expropriation of its nickel project breached agreements signed by Tanzanian, British and the Northern Ireland governments for promotion and protection of investments under bilateral investment treaties.
Montero Mining and Exploration Ltd and Winshear Gold Corporation also have arbitration cases against Tanzania.
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The arbitral tribunal by the International Centre for Settlement of Investment Disputes (ICSID) will hold its first session on April 22 to hear the $95 million international compensation claim filed against Tanzania’s government by Indiana Resources Ltd of Australia last April.
In a notice to shareholders, Indiana said, “Cavinder Bull of Singapore has been appointed president of the arbitration tribunal with Justice Sanji Monageng of Botswana and Doak Bishop of the US confirmed as arbitration panel members.”
TRADING UPDATES: BioPharma Credit sees third year of consistent returns
Tue, 16th Mar 2021 15:35
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
BioPharma Credit PLC - Exeter-based life sciences debt investment trust - Says net asset value per shares rises 1.8% to USD1.0217 at December 31 from USD1.0037 a year prior. Pays dividends of 8.29 US cents per share in 2020, comfortably ahead of the target to distribute at least 7 cents per share , and has recently declared a special dividend of 0.29 cents. Says it remains clear that the senior secured loans that form the majority of the company s portfolio continue to be one of the most attractive financing options for the life sciences sector . 2020 was the company s third full year of operations, marking the third year of consistent returns and targets met , according to Chair Harry Hyman.
Antofagasta PLC more likely to be on a roll than Greggs PLC on Tuesday proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.