World Wide Minerals sues Kazakhstan

Article Abstract:

World Wide Minerals Ltd. of Toronto, Canada, and its subsidiary, Lakewood, CO-based Nuclear Fuel Resources Corp., filed a $220-million lawsuit on May 13, 1998, in US District Court in Washington against the government of Kazakhstan, allegedly for unlawful expropriation of the companies' uranium investments. The lawsuit asserts that the government of Kazakhstan, previously a Soviet republic, revoked a mine management agreement, together with an acquisition option on a second mine in 1997. According to Thomas Evans, a director and spokesman for World Wide Minerals, the government of Kazakhstan has considerable US assets that include real estate and bank accounts that can be seized once World Wide Minerals and Nuclear Fuel win their case.

Comment:

Files a $220-mil suit against the govt of Kazakhstan, allegedly for unlawful expropriation of this co's uranium investments

Kazakhstan, Uranium-Radium-Vanadium Ore Mining, Uranium Mining, World Wide Minerals Ltd., Nuclear Fuel Resources Corp.

---

Canada fires back in lumber trade dispute

Article Abstract:

The Canadian government informs the US that it will solicit formal consultations over the latest decision of the US Customs to revoke the duty-free status of Canadian pre-drilled house-framing boards. However, the British Columbia and Quebec governments object on the move by the Department of Foreign Affairs and International Trade in Ottawa, Ontario. The two provinces wanted Ottawa to concede defeat in the case of the pre-drilled boards because fighting may result to the cancellation of the agreement. The complaint centers on the US as unilaterally trying to change the Canada-US softwood lumber deal, which strictly limits duty-free Canadian lumber exports. The lumber agreement is due to expire in 2001.

Comment:

Ontario: Canadian govt will solicit formal consultations on US Customs' decision to revoke duty-free status of country's lumber

Ontario, Softwood Lumber

---

Ottawa accuses U.S. of illegal changes to customs

Article Abstract:

The Canadian government has charged the US with alleged manipulation of international custom rules to limit Canadian lumber exports. The US has earlier decided to reclassify rougher-headed fascia boards which are planed to roughened for use in siding, such that they fall under the strict quotas in the 1996 Canada-US lumber agreement. The move by the US could result in prohibitive duties being imposed on as much as C$200 million worth of Canadian lumber annually.

Canada, Lumber

Similar abstracts:

• Abstracts: The fast-track fight: Canada has a stake in a U.S. struggle over trade. Good news, bad news
• Abstracts: The road to a republic is still long and winding. Branch stackers' days are numbered
• Abstracts: BAT to sell Rothman's Canadian arm. Sleeman uncaps Quebec market with acquisition. Thomson Travel sold for $2.8-billion (U.S.)
• Abstracts: WIC on verge of deal to divide assets. Four specialty channels lose bid for fall launch
• Abstracts: Philip Services sells aluminum plants. Centrefund to purchase 10 shopping centres. Centrefund to buy four U.S. malls

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.