Freeport-McMoRan v. Peru Freeport-McMoRan Inc. v. Republic of Peru (ICSID Case No. ARB/20/8)
United States of America
Shareholding of 54 per cent in Sociedad Minera Cerro Verde S.A.A. with a mining concession for a copper deposit southwest of Arequipa.
Claims arising out of the national tax authority’s mining royalty assessments on ore processed by Cerro Verde, related penalties and interest charged on Cerro Verde. According to the claimant, a 1998 stability agreement exempted Cerro Verde from royalties on all minerals extracted from its mining concessions.
Primary: B - Mining and quarrying
7 - Mining of metal ores
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Tawil, G. S.
Cremades, B. M.
Hanefeld, I.
Data not available
909.00 mln USD
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims