[miningmx.com] – ANGLO American is seeking compensation for the cancellation of mining concessions in 2012 by the Venezuelan government led by the late Hugo Chavez, said Reuters.
Venezuela faces more than 20 international compensation cases in disputes largely stemming from the 1999 to 2013 Chavez era, said Reuters. Anglo American introduced the case on April 10, said Reuters citing the website of the International Centre for Settlement of Investment Disputes.
Anglo had a 91.4% stake in the Loma de Niquel project until the government stopped 13 concessions and refused to renew three others, says its website.
Click here to read the full article
