CRA was retained to advise a Chinese company that was involved in a dispute with the Government of Mongolia over the rights to a significant iron ore property in Mongolia. The CRA team analyzed the value of the deposit based on a likely development profile that was based on a similar deposit located nearby. The client used this analysis to re-acquire the rights to the deposit through negotiations and arbitration.
Mining arbitrations involving offtake agreements: Industry and damages considerations
Under an offtake mining agreement, a buyer or offtaker commits to purchase a specified quantity or portion of a seller’s future mining output. Offtake mining...