Tethyan Copper Company Pty Limited v. Islamic Republic of Pakistan (ICSID Case No. ARB/12/1)

James Burrows testified for the Islamic Republic of Pakistan over $8.5 in claims in an ICSID case launched by Tethyan Copper Company Pty Limited, a joint venture between Antofagasta plc and Barrick Gold Corporation. Tethyan’s claims resulted from Pakistan’s alleged denial of a mining lease for the Reko Diq project in 2011. The case involved the valuation of Reko Diq, located in the Pakistani province of Balochistan, which contains one of the largest undeveloped copper and gold deposits in the world, with a potential mine life of more than 50 years. CRA’s team also included Tiago Duarte-Silva, Aaron Dolgoff, and Michael Loreth.