Bear Creek Mining Corp. (the “Claimant”), Republic of Peru (the “Respondent”)
Free Trade Agreement between Canada and the Republic of Peru
Members of the Tribunal
Karl-Heinz Böckstiegel (President), Michael Pryles (Claimant’s appointee) and Philippe Sands (Respondent’s appointee)
This case concerned Peru’s unlawful expropriation of the investment of a Canadian mining company (“Bear Creek” or the “Claimant”) in the development of a silver mining project at Santa Ana, which is located close to the border with Bolivia (the “Santa Ana Project”).
In November 2007, Bear Creek obtained the authorization to acquire, own and operate a mining concession at Santa Ana through Supreme Decree 083-2007 (“Supreme Decree 083”).