Alamos Gold Press release announcing Investment Treaty Claim Against the Republic of Turkey - 20 April 2021
Country
Year
2021
Summary
Alamos Gold Inc. regrets to announce that its Netherlands wholly-owned subsidiaries Alamos Gold Holdings Coöperatief U.A, and Alamos Gold Holdings B.V. (the "Subsidiaries") will file an investment treaty claim against the Republic of Turkey for expropriation and unfair and inequitable treatment, among other things, with respect to their Turkish gold mining project. The claim will be filed under the Netherlands-Turkey Bilateral Investment Treaty (the "Treaty"), and is expected to exceed $1 billion, representing the value of the Company's Turkish assets.
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Kirazli Gold Mine, Forestry Permit, Environmental Impact Assessment, Arbitration, ISDS, Dispute Resolution.