Khan seeks arbitration over Dornod licence
11 January 2011
Canada's Khan Resources has formally started an international arbitration action against the government of Mongolia for its "expropriatory and unlawful treatment" of Khan relating to the Dornod uranium deposit. In a statement, the company said that Mongolia's Nuclear Energy Agency announced in November 2010 that it would not reinstate its licences for Dornod, "which the government illegally cancelled so that it could pursue the project without Khan." The company is therefore claiming over $200 million in compensation for losses and damages. The arbitration will take place under the rules of the United Nations Commission on International Trade Law.