TCC open to negotiated settlement with Pakistan: chairman
(WorldNews Pakistan)

WASHINGTON: Tethyan Copper Company (TCC) said on Sunday it´s willing to discuss the potential for a negotiated settlement with Pakistan over an almost $6 billion damages case decided in its favour. On Friday, an arbitration tribunal of the World Bank´s International Centre for Settl­ement of Investment Disputes (ICSID) awarded about $5.9bn in damages to TCC in arbitration claims it filed against Pakistan following the denial of a mining lease for the Reko Diq project in Pakistan in 2011. Read: Pakistan told to pay $5.9bn to mining firm in Reko Diq case Tethyan Copper Company is a joint venture held equally by the Antofagasta plc and Barrick Gold Corporation, one of the world´s mining giants....