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Atty Behind $16.5B Colombia Gold Fight Says More Coming

Law360, New York (March 21, 2016, 3:57 PM EDT) -- New documents reveal that Colombia was hit with a $16.5 billion arbitration notice last month by a U.S. gold mining company that said its mineral rights were illegally revoked, and an attorney for the company told Law360 Monday that many more claims could soon be filed.

Tobie Mining & Energy Inc. and two other companies that planned to dig in the remote Taraira South mining concession told the Colombian government in February that it violated a U.S.-Colombia free trade agreement when it created a national park in the same area that rendered its concession “inoperable,” according to an arbitration notice made...

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