Stans Beats Kyrgyzstan In Mining Row, But Only Gets $24M

Law360 (August 22, 2019, 5:27 PM EDT) -- Stans Energy Corp. has won $24 million in arbitration against the Kyrgyz Republic after the country terminated licenses to mine rare earth minerals held by a Stans affiliate, a figure well short of the $210 million the company had been seeking.

The arbitral tribunal determined that Stans had prevailed on jurisdiction and on the merits of its claim, and it awarded $24 million, which includes damages, interest and costs, the Canadian resources development firm said Wednesday. The company did not provide additional details about the tribunal's ruling, saying only that it is "pleased" with the results.

Stans claimed the Central Asian...

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