Tribunal rules in favour of Mongolian uranium developer: "TORONTO (miningweekly.com) – The United Nations (UN) tribunal has ruled in favour of uranium explorer Khan Resources in a $200-million arbitration case against the government of Mongolia, the TSX-listed company said on Thursday.
The UN Commission on International Trade Law ruled on matters of jurisdiction and has dismissed all of Mongolia's objections to the continuation of the suite.
Khan alleged that during 2009 the government of Mongolia in concert with a Russian partner took actions that amounted to the illegal expropriation of the company’s mining and exploration permits.
Khan said this took place after the government initially invited and encouraged the company and its predecessors to invest millions of dollars, expertise and resources in the Dornod Aimag uranium project, in north-eastern Mongolia."
'via Blog this'
