Kazakhstan Secures Legal Victory Against Canadian Uranium Firm
Kazakhstan achieved a significant legal triumph on February 28, as the High Court of London overturned an earlier decision mandating the country to pay $65 million to the Canadian uranium company, World Wide Minerals.
The dispute originated in 2013, stemming from allegations related to Kazakhstan’s 1997 refusal to grant a uranium export license and the subsequent termination of a management contract for a key mining facility. The legal battle spanned over a decade, involving complex international arbitration and judicial processes.
During a March 11 briefing at the Central Communications Service, Kazakh Ministry of Justice spokesperson Talgat Uali emphasized the importance of this ruling. He noted that the 2025 verdict reaffirmed Kazakhstan’s position and confirmed the nation has no financial obligations to World Wide Minerals.
“Thanks to the collaborative efforts of the Ministry of Justice, government agencies, and the government consultant, we were able to save substantial budget resources while preserving the country’s investment climate and enhancing Kazakhstan’s international reputation,” he said.
Uali also underscored the rarity and significance of such a legal outcome, highlighting that the appeal process in English courts is notably rigorous, with fewer than 2% of appeals resulting in an overturned judgment.
This victory not only spares Kazakhstan from a substantial financial payout but also strengthens the country’s legal standing in international disputes, reinforcing its commitment to upholding fair and transparent legal processes.
.jpg)
