US says billionaire Gertler’s royalties must go to Congo for sanctions deal
A senior White House adviser said lifting that punishment is necessary to open up the assets to new investments that support US interests.
Taseko Mining is seeking compensation from the federal government after failing to win approval for a gold and copper mine near Williams Lake.
The miner, which already has two judicial reviews before the Federal Court of Canada, is rolling all its action into one and seeking unspecified financial compensation.
The Vancouver Sun says the suit is significant:
Regardless of whether leave to sue is granted, and regardless of the outcome of the case if it goes ahead, it has a significance beyond the $1.5-billion asset Taseko has riding on it. Because, even though a tiny handful of other resource companies have successfully sued governments over issues related to unfair treatment, none to my knowledge have gone after a regulator that jerked them around.
