GLENCORE INTERNATIONAL A.G. AND C.I. PRODECO S.A. V. REPUBLIC OF COLOMBIA, ICSID CASE NO. ARB/16/6
AWARD, AUGUST 27, 2019
Glencore International A.G. and C.I. Prodeco S.A. (the “Claimants”), Republic of Colombia (the “Respondent”)
Bilateral Investment Treaty between Colombia and Switzerland
Members of the Tribunal
Juan Fernando Armesto (President), Oscar M. Garibaldi (Claimants’ appointee), and J. Christopher Thomas (Respondent’s appointee)
The case concerns the acquisition of Prodeco, a mining company incorporated in Colombia by Glencore in 1995. Prodeco had at the time of Glencore’s acquisition a contract for coal mining exploration and exploitation with Carbocol, the Colombian governmental mining agency at the time (the “Mining Contract”).