In an international arbitration matter, CRA was retained to assess the fair market value of a company’s interest in a large copper-gold mine on the Valuation Date. In the context of the circumstances of that project as of the Valuation Date, fair market value was assessed based on past transactions, adjusted by several factors occurring between those transactions and the Valuation Date. These factors include changes in world metals markets and country risk, as well as any subsequent efficient, proven investments that might have been taken into account by a hypothetical buyer of the asset on the Valuation Date.
Mining arbitrations in practice: Filing trends, shifting geography, and claimant recovery
Building on CRA’s 2023 study of disputes involving mineral assets, Tiago Duarte-Silva and Swati Kanoria examine over 150 investor-State mining arbitrations...