Ascent Resources plc has lost its case for claims against Slovenia in relation to the 2022 ban on hydraulic stimulation which affected its Petišovci oil and gas joint venture. COSTS The company had taken its case to the International Centre for Settlement of Investment Disputes (ICSID) under the Energy Charter Treaty. The tribunal ruled that […]
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Metals on track at La India with increased budget
Metals Exploration plc has increased its total budget forecast from US$165 million (£125m) to $171m (£130m) due to “revised electrical infrastructure costs” at La India gold project in Nicaragua. CONSTRUCTION The new figure follows the company’s decision to build a 138 kilovolt substation with the country’s national electricity transmission company ENATREL for US$6.2m, which is […]