Miner Can Arbitrate With Sierra Leone In $500M Iron Ore Row

Law360, London (February 16, 2021, 6:00 PM GMT) -- A mining company can proceed with its $500 million arbitration against Sierra Leone for canceling a lucrative iron ore license after an English court ruled that the miner did not jump the gun by launching proceedings.

Sierra Leone-based SL Mining Ltd. did not initiate arbitration against the African country too soon when it filed a claim before a period for settlement negotiations had expired, the High Court ruled on Monday.

The miner, a subsidiary of the U.S. commodity trader Gerald Group, had its mining license canceled in July 2019 over a dispute about contractual terms. Arbitrators said last year that they...

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