Summary

We write on behalf of our clients, Future Global Resources Limited ("FGRL") and Blue Gold Holdings Limited ("BGHL") (together, the "Investors"). On 14 October 2024, the Investors served the Republic of Ghana ("Ghana") with a Notice of Dispute under the UK-Ghana BIT (the "BIT Notice of Dispute"). As explained in the Investors' BIT Notice of Dispute, the Investors own and operate several significant and protected investments in Ghana's territory. These include, amongst other things, the Bogoso Prestea Gold Mine (the "Mine"), associated mining leases, mining assets, and shareholdings. Against the backdrop of Ghana's mistreatment and unlawful expropriation of those protected investments, the Investors have been forced to initiate a formal dispute against Ghana. In the interest of avoiding a protracted dispute, the Investors invited Ghana to engage in urgent amicable settlement discussions.3 Pending the initiation of such discussions, the Investors urged Ghana to take action to address their serious concerns over the continued illegal occupation of the Mine and, in particular, to refrain from taking any further actions to aggravate the dispute. ...