LATEST NEWS

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World Wide Minerals’ claims against Kazakhstan are once again set aside by the English Court and will again be submitted to an arbitral tribunal for determination on causation and quantum. 

TORONTO, CANADA, 3 March 2025 — World Wide Minerals and Ms Ann Marie Carroll, WWM’s President and CEO, once again received a disappointing decision from the English High Court dated February 28, 2025, which set aside the causation and quantum findings of a second arbitral award rendered in WWM’s and the estate of the late Mr. Paul A. Carroll, QC’s favour on March 26, 2024 (the “Second Award”). The matters of causation and loss with respect to the Republic of Kazakhstan’s proven breaches of international law against WWM and its investment will now be submitted to an arbitral tribunal for a third time. The Second Award—like the original award that preceded it in October 2019—reiterated that Kazakhstan breached international law and the Canada-U.S.S.R. Bilateral Investment Treaty (“BIT”) and granted WWM over US$ 55 million in damages, in addition to a substantial portion of its legal costs incurred in the proceeding (for a total Award amount of roughly US$ 65 million).  Continue reading the news release...