Wednesday, November 14, 2012

Balochistan's mineral wealth are being looted by Pakistan, Reko Diq exploitation is a typical example

ISLAMABAD: A counsel for the government of Balochistan on Wednesday apprised the Supreme Court that they were pursuing the Reko Diq mining lease agreement case at international arbitration forums and were hopeful of a positive outcome. Ahmer Bilal Soofi, counsel for the Balochistan government, appeared before a three-member bench including Chief Justice Iftikhar Muhammad Chaudhry, that resumed hearing of a plea moved by the counsel for Dr Abdul Haq Baloch seeking initiation of contempt proceedings against the provincial government for alleged violation of May 25, 2011 order of the court. Soofi said that the Tethyan Copper Company Australia (TCCA) had invoked the jurisdiction of international arbitration over bilateral commercial agreement between both governments for mining lease of Chagi’s gold and copper reserves. He said that the company’s stance was initially rejected by the International Centre for Settlement of Investment Disputes (ICSD) and afterwards, they went to International Chambers of Commerce (ICC) for arbitration. He said that identical claims of the company were pending at both tribunals. 

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