Link Securities| The mining company will open a multi-million dollar arbitration against Spain in the ICSID over the government’s veto of the Salamanca uranium mine. The company is taking a further step in its offensive after requesting, in November 2023, by letter to the Government, a negotiation for the Retortillo project that the Executive rejected in 2021, as reported yesterday by the newspaper ElMundo.es. This letter, in fact, constituted a mandatory preliminary step in any arbitration dispute, which seeks to notify the counterparty that the arbitration process is underway. Once it is received, a period of three months begins to reach an agreement before going on the offensive. This period expired in February 2023.
Berkeley goes on the offensive over Salamanca uranium mine veto with multi-million dollar arbitration against Spain at ICSID
