Another Australian miner sues another poor country, this time Barrick’s Porgera in PNG – Michael West

Investor State Dispute Settlement action, ISDS

After 30 years extracting gold, committing environmental and human rights abuses, the operator of Porgera mine is suing the PNG government for not extending its licence. It is using an Investor State Dispute Settlement (ISDS) clause in a Free Trade Agreement to sue, a clause made famous when US multinational Philip Morris tried to sue Australia over its tobacco plain packaging laws. Australian mining companies are increasingly using ISDS processes and are being awarded billions based on dubious calculations of potential lost profits by unaccountable international tribunals. Patricia Ranald reports.

Another Australian miner sues another poor country, this time Barrick’s Porgera in PNG – Michael West

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