Bear Creek Mining’s previously-held Santa Ana Project was the subject of an Arbitration claim under the Canada-Peru Free Trade Agreement, which was heard at the International Centre for Settlement of Investment Disputes (“ICSID”) in Washington D.C between 2014 and 2017. In November 2017, the ICSID Tribunal of arbitrators hearing the Arbitration claim rendered an Award (the “Award”) of approximately US$ 30.4 million in favor of the Company, which Award includes interest and arbitration costs (including attorneys’ fees).
The Award decision is available on ICSID’s website:
in English at http://icsidfiles.worldbank.org/icsid/ICSIDBLOBS/OnlineAwards/C3745/DS10808_En.pdf
in Spanish at http://icsidfiles.worldbank.org/icsid/ICSIDBLOBS/OnlineAwards/C3745/DS10808_Sp.pdf