Ministry of Justice makes an official announcement. According to the announcement, Khan Resources conducted meetings on negotiations with the Government of Mongolia on the international arbitration tribunal ruling.
Khan Resources was seeking an amicable way to collect about US$104 million that it had been awarded by an international arbitration tribunal on March 2. The money included the US$80 million base amount, plus interest from July 2009, plus US$9.1 million of costs awarded in Khan's favour.
Although Government of Mongolia was seeking the mutually beneficial ways to resolve the issues, Khan Resources have terminated the negotiations on Apeil 22nd, 2015.
Today's announcement of the Ministry of Justice reads: “This act might impact Khan Resources and their shareholders negatively. Although the artibtrage ruling was not officially delivered yet, Government of Mongolia will seek to protect its rights and takes measures tu annul the ruling."
Ministry of Justice makes an official announcement. According to the announcement, Khan Resources conducted meetings on negotiations with the Government of Mongolia on the international arbitration tribunal ruling.
Khan Resources was seeking an amicable way to collect about US$104 million that it had been awarded by an international arbitration tribunal on March 2. The money included the US$80 million base amount, plus interest from July 2009, plus US$9.1 million of costs awarded in Khan's favour.
Although Government of Mongolia was seeking the mutually beneficial ways to resolve the issues, Khan Resources have terminated the negotiations on Apeil 22nd, 2015.
Today's announcement of the Ministry of Justice reads: “This act might impact Khan Resources and their shareholders negatively. Although the artibtrage ruling was not officially delivered yet, Government of Mongolia will seek to protect its rights and takes measures tu annul the ruling."