Khan Resources Awarded $100 Million in Case Against Mongolia
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Khan Resources Inc. won a case in an international court against Mongolia, six years after its mining licenses were stripped and it was forced to abandon its uranium development in the east of the country.
An international arbitration tribunal under the United Nations Commission on International Trade awarded approximately $100 million as compensation for the cancellation of the company’s mining licenses, Toronto-based Khan Resources said in a statement issued March 2.