Franco-Nevada Update on Arbitration Proceeding in Panama
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Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) has announced the suspension of its arbitration proceeding related to the Cobre Panama mine following discussions with the Government of Panama's legal counsel. The company had initially filed for arbitration under the Canada-Panama Free Trade Agreement with the International Centre for Settlement of Investment Disputes on June 27, 2024. Franco-Nevada expresses optimism for reaching a resolution that would benefit both the Panamanian people and all involved parties.
Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) ha annunciato la sospensione del procedimento arbitrale relativo alla miniera di Cobre Panama, a seguito di colloqui con il consulente legale del Governo di Panama. La società aveva inizialmente avviato l'arbitrato ai sensi dell'Accordo di Libero Scambio Canada-Panama presso il Centro Internazionale per la Risoluzione delle Controversie sugli Investimenti il 27 giugno 2024. Franco-Nevada si dichiara ottimista nel raggiungere una soluzione che possa avvantaggiare sia il popolo panamense che tutte le parti coinvolte.
Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) ha anunciado la suspensión de su procedimiento de arbitraje relacionado con la mina Cobre Panamá tras conversaciones con el asesor legal del Gobierno de Panamá. La compañía había presentado inicialmente el arbitraje bajo el Acuerdo de Libre Comercio Canadá-Panamá ante el Centro Internacional para el Arreglo de Diferencias Relativas a Inversiones el 27 de junio de 2024. Franco-Nevada expresa optimismo por alcanzar una resolución que beneficie tanto al pueblo panameño como a todas las partes involucradas.
프랑코-네바다 코퍼레이션(TSX: FNV, NYSE: FNV)은 파나마 정부 법률 고문과의 논의 후 코브레 파나마 광산 관련 중재 절차를 중단했다고 발표했습니다. 회사는 2024년 6월 27일 캐나다-파나마 자유무역협정에 따라 국제투자분쟁해결센터에 중재를 신청한 바 있습니다. 프랑코-네바다는 파나마 국민과 관련 모든 당사자에게 이익이 되는 해결책에 도달할 수 있기를 낙관하고 있습니다.
Franco-Nevada Corporation (TSX : FNV) (NYSE : FNV) a annoncé la suspension de sa procédure d'arbitrage relative à la mine de Cobre Panama, suite à des discussions avec le conseiller juridique du gouvernement du Panama. La société avait initialement déposé une demande d'arbitrage en vertu de l'Accord de libre-échange Canada-Panama auprès du Centre international pour le règlement des différends relatifs aux investissements le 27 juin 2024. Franco-Nevada se montre optimiste quant à la possibilité de parvenir à une résolution bénéfique tant pour le peuple panaméen que pour toutes les parties concernées.
Die Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) hat die Aussetzung ihres Schiedsverfahrens bezüglich der Cobre Panama-Mine nach Gesprächen mit dem Rechtsberater der Regierung von Panama bekanntgegeben. Das Unternehmen hatte ursprünglich am 27. Juni 2024 ein Schiedsverfahren gemäß dem Freihandelsabkommen Kanada-Panama beim Internationalen Zentrum zur Beilegung von Investitionsstreitigkeiten eingeleitet. Franco-Nevada zeigt sich optimistisch, eine Lösung zu finden, die sowohl dem panamaischen Volk als auch allen beteiligten Parteien zugutekommt.
Positive
- Potential for negotiated resolution with Panama government
- Willingness to engage in diplomatic discussions rather than legal proceedings
Negative
- Ongoing uncertainty regarding the Cobre Panama mine situation
- Continued lack of resolution for the mining dispute
- Potential impact on Franco-Nevada's streaming agreement revenue
Franco-Nevada reiterates its hope for a resolution with the
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SOURCE Franco-Nevada Corporation
FAQ
What is the current status of Franco-Nevada's (FNV) arbitration case in Panama?
Franco-Nevada has agreed to suspend its arbitration proceeding with Panama following engagement with the government's legal counsel.
When did Franco-Nevada (FNV) initially file for arbitration regarding the Cobre Panama mine?
Franco-Nevada filed its request for arbitration under the Canada-Panama Free Trade Agreement on June 27, 2024.
What is Franco-Nevada (FNV) seeking to achieve in Panama?
Franco-Nevada is seeking a resolution that would provide the best outcome for both the Panamanian people and all parties involved in the dispute.
How does the arbitration suspension affect Franco-Nevada's (FNV) operations in Panama?
The suspension indicates ongoing negotiations with the Panamanian government, but the ultimate impact on operations remains uncertain pending a final resolution.
What is the significance of the Cobre Panama mine for Franco-Nevada (FNV)?
The Cobre Panama mine is an important asset for Franco-Nevada, as it represents a significant streaming agreement in their portfolio that affects their revenue stream.
Franco Nevada