Member Info for mickey1122

What’s good for cairn in India is good y guy or unlocking the Bhukia mine stalemate for Panthera . Good luck

Thu, 18th Feb 2021 07:05

RNS Number : 5506P
Panthera Resources PLC
18 February 2021

18 February 2021



Panthera Resources Plc

(Panthera, PAT or the Company)



Fasken to Advise on Investment Treaty



Panthera Resources Plc (AIM: PAT), the diversified gold exploration and development company with assets in West Africa and India, is pleased to announce the appointment of Fasken to advise the Company on a potential dispute with the Republic of India concerning the Bhukia Joint Venture Project (Bhukia).



Fasken is a highly reputable international law firm with extensive experience in international arbitration and dispute resolution, particularly in the mining sector. India has various obligations under the Australia-India Bilateral Investment Treaty of 26 February 1999 (ABIT), as a host state.



The Company made its initial investment in Bhukia, through its 95% owned Australian subsidiary, Indo Gold Pty Limited, in 2005. The Company's rights to be granted a Prospecting Licence over Bhukia, through its joint venture partner, by the Government of Rajasthan (GoR) have been consistently frustrated over an extended period. More recently, the Prospecting Licence Application over Bhukia was again rejected by the GoR in August 2018 on various spurious grounds. The Company subsequently obtained an interim Stay Order from the Rajasthan High Court which continues to remain in place with the matter subject to ongoing proceedings in the High Court of Rajasthan.



In addition to the above, Fasken will review and advise the Company on its potential dispute under the Australia-India Bilateral Investment Treaty of 26 February 1999 (ABIT) in relation to Bhukia, which includes past, present and any future acts and/or omissions by India and its state entities and actors.



Mark Bolton, Managing Director of Panthera, commented:



"The Bhukia project is an outstanding Tier 1 undeveloped gold project and significant asset of your Company.



Following the recent successful US$1.2 billion international arbitration award in favour of Cairn Energy Plc against the Government of India conducted under a similar bilateral investment treaty, it is essential that Panthera consider all of its rights pertaining to its investments in India.



Today's appointment of Fasken is the first step to consider our options available to exercise our legal rights under the ABIT. Under ABIT, the compensation may be computed on the basis of the market value of the investment.



The Company nevertheless remains committed to an amicable and timely resolution of the dispute through negotiations. In this regard, the Company has and will continue to engage in good faith dialogue with both the Governments of Rajasthan and India in order to develop Bhukia upon being granted the Prospecting Licence and deliver employment and tax revenues to the people of India as well as returns to our investors.



The Company will provide a

My thinking is the Indian government would pending disputes like Bhukia settled to as it was the same treaty that cairn used .

Thu, 5th Aug 2021 15:40

RNS Number : 7541H
Cairn Energy PLC
05 August 2021



FOR IMMEDIATE RELEASE 5 August 2021







CAIRN ENERGY PLC ("Cairn")



India Update



We have noted the introduction to the Indian parliament of the Taxation Laws (Amendment) Bill 2021, which proposes certain amendments to the retrospective taxation measures that were introduced by the Finance Act 2012 . We are monitoring the situation and will provide a further update in due course.









About Cairn Energy PLC

Cairn is one of Europe's leading independent energy companies and has been listed on the London Stock Exchange for 30 years. Cairn has explored, discovered, developed and produced oil and gas in a variety of locations throughout the world as an operator and partner in all stages of the oil and gas lifecycle.



Cairn's exploration activities have a geographical focus in the North Sea, West Africa and Latin America, underpinned by interests in production and development assets. Cairn has its headquarters in Edinburgh, Scotland supported by operational offices in London and Mexico.



For further information on Cairn please see: www.cairnenergy.com







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MSCEALPSEAXFEFA

This is big news right Bamps?

good point gerry

Annoying

Good performance by Day . GH selling little to do with current SP imo .

We will boogie soon , be sure of that

Typo IG

Things cool in Mali IS

Absolutely Lenz !

Agreed , Mali is the place . They’d be besides themselves with these grades in WA.

Very nice results

13.80’to Buy HB btw

https://twitter.com/imarc_mining/status/1422680677703720962?s=21

https://twitter.com/trader****ney/status/1422553178730647562?s=21

It was always going to be PQ

And ?

Outstanding take from Newcrest . This is gonna be in the £££s

https://twitter.com/tmsreach/status/1422440935556796433?s=21