01 Nov 2016
AYMP managed to win an approx. US$1,3 billion dispute representing the Republic of Indonesia at the International Centre for Settlement of Investment Disputes (ICSID). The ICSID tribunal rejected Churchill Mining Plc’s and Planet Mining Pty Ltd’s demand for damage claims against the Indonesian government and instead ordered the companies to pay approx. $9.4 million to Indonesian government. This is the first victory and the biggest claim so far towards the Indonesian government at ICSID. We hereby would like to thank all parties who have been supporting us on this case.