Saturday, July 28, 2018 11:24:57 AM
In March, British junior Cortec Mining's team of lawyers and those of the Kenyan government will each be requested to present their post-hearing submissions to the Dubai-based arbitral court assigned to settle their dispute. Placed under the guidance of the ICSID, the World Bank group's arbitral arm, the court will be ruling on the validity of Nairobi's decision to cancel Cortec's Mrima Hill niobium mining permit (AMI 345). After each party has submitted its report, the arbitrators will have three months to issue their verdict, meaning the case should be resolved sometime in July.
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