Stans Energy awarded $24m in Kyrgyz arbitration

Toronto-headquartered Stans Energy, which once had the right to a past producing rare-earth mine in Kyrgyzstan, has won its arbitration case against that country, but was awarded only one fifth of the $117.85-million it sought for compensation.

An arbitration tribunal awarded Stans about $24-million, which includes damages, interest and costs, the company said on Wednesday.