Legal Certainty

Tanzania: ICSID ruling on Indiana case ‘bodes well’ for others

By David Whitehouse

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Posted on July 20, 2023 11:36

Air Tanzania
Air Tanzania planes may be seized if the government doesn’t comply with the ICSID ruling, says Indiana Resources executive chair Bronwyn Barnes. (Photo via Twitter)

Found guilty of expropriating a mining site by the World Bank’s dispute settlement body, Tanzania should negotiate with other claimants, say CEOs.

The International Centre for Settlement of Investment Disputes (ICSID) ruled in favour of Australia’s Indiana Resources on 14 July in its dispute over the expropriation of the Ntaka Hill nickel project, and told Tanzania to pay $109.5m in compensation.

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