Cloudified Share Discussion Threads

[jack1236] 01/4/2019 14:19

Indonesia's administration of mining licenses is 'shocking' at all levels; international arbitration organisations are doing a 'clean up' job, on behalf of the ROI.

[jnbrw] 01/4/2019 14:11

These are obviously political decisions not to penalise a democratic emerging economy...so we ultimately do more business?? ( except no business / investor will want to touch roi with a barge pole)

[neo26] 01/4/2019 14:07

so im guessing this is Ridlatamas fault too..

Unbelievable, this is absolutely shocking, Borneo region, Kalimantan.

[neo26] 01/4/2019 14:04

Indonesia has won a $469 million arbitration case against India’s Metal Ferro and Alloys Ltd (IMFA) after nearly four years of court battles, the country's attorney general Muhammad Prasetyo told a news conference on Monday.

An arbitration court in The Hague, Netherlands, ruled in favour of Indonesia in the case, according to a notification the government received last week, said Prasetyo. IMFA officials were not immediately available for comment.



IMFA filed a claim to the court in 2015, alleging that overlapping mining permits issued by authorities have disrupted its operation in Kalimantan, the Indonesian side of Borneo island.

This is a second court victory announced by the Indonesian government in recent weeks, after the International Centre for Settlement of Investment Disputes, a U.S. arbitration tribunal, dismissed an effort by Churchill Mining PLC to revive a $1.3 billion claim against Jakarta over cancelled coal mining rights, also in Kalimantan.

Churchill Mining was "extremely disappointed", its chairman of directors David Quinlivan said in a statement on March 19.

[jack1236] 01/4/2019 13:56

Neo

Looks like the same region too.

[jack1236] 01/4/2019 13:25

You couldn't make it up -

[jack1236] 01/4/2019 13:09

ROI circumnavigated the procedures and protocols of the ICSID; the idiots at the ICSID let them do it. Only when the Ad Hoc Committee took charge did the ROI fall inline just on the procedures and protocols.
There were over 50 procedural orders; 3/4 years, all part of the ROI strategy.

[neo26] 01/4/2019 12:32

Jack so you sayin the tribunal tricked them.

[jnbrw] 01/4/2019 12:06

Definitely a few boobs along the way from our legals...that's why we changed half way through the original hearing..

[jack1236] 01/4/2019 11:42

The Minottee was an Ad Hoc action by the Tribunal; they needed to get past some 'obstacles'; they used Minottee to do that; CHL co-operated with the request. They should have said sorry, we don't think it is right to introduce this at this stage and we are not going to comply'.

[neo26] 01/4/2019 11:34

When the minotte response was submitted...

[jack1236] 01/4/2019 11:31

Which process?

[neo26] 01/4/2019 11:30

Surely Chl would have been involved in that process also?

[jack1236] 01/4/2019 11:27

Neo, yes they did; but they shouldn't of sent in the requested information; they should of created a 'fuss'.

[neo26] 01/4/2019 11:01

But they did dispute it...

[jack1236] 01/4/2019 10:55

neo,

Nooooooo. The Ad Hoc Committee (even though they are garbage) attached some blame to CC; that when Minottee was introduced; CHL didn't dispute it immediately; at that point CHL should have 'thrown the toys out of the pram'. But it wasn't clear why they were asking; pretty much basing the whole case on a few months before the hearing; ignoring the 6 or so years before.

[neo26] 01/4/2019 10:44

Or take share in the prize?

[jack1236] 01/4/2019 10:17

I wonder if CC will do some Pro Bono work; they have a reputation to 'maintain'.

[neo26] 01/4/2019 10:05

WulberThe 10m is important to roi as it bankrupts chl, the paris court is not tribunal, roi wont get away with delaying there.Get noor in the stands, show us the files...

[jnbrw] 01/4/2019 10:00

Lith/ Andy - if there is a way DQ will find it.

[wulber] 01/4/2019 09:59

Fight on!The 10 million is irrelevant to ROI, its the political spin.Lets go to Paris and hit them where it hurts.

[lithological heterogeneities] 01/4/2019 09:57

This is what OXS did the j order to carry on and is exactly what I was expecting It looks like they will continue while in administration just like OXS as they say more news to come.May not all be lost just yet. Maybe same route as OXS, is Paris courts or similar Need to see what the next RNS's are.