trending Market Intelligence /marketintelligence/en/news-insights/trending/bk3odnyctx16jdhksgrm6q2 content esgSubNav
In This List

Galway files arbitration claim to recover losses from Colombian project

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Galway files arbitration claim to recover losses from Colombian project

Canadian-listed Galway Gold Inc. said March 27 that it filed an application for arbitration under the Canada-Colombia Free Trade Agreement as part of its efforts to recover losses from the Colombian government with respect to its Reina de Oro gold-copper project in the country.

In 2016, a Colombian Constitutional Court ruled that all mining and petroleum operations in the páramos high altitude ecosystems, including Reina de Oro, were illegal, and rendered the permits invalid.

Galway is also in discussions with Colombia's ministry of commerce to settle the damages over the project.