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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.