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Khan Resources v. Mongolia Khan Resources Inc., Khan Resources B.V. and Cauc Holding Company Ltd. v. the Government of Mongolia and Monatom Co., Ltd. (PCA Case No. 2011-09)
Nationality of the parties


British Virgin Islands
Summary of matters at issue
Majority shareholding in Mongolian joint venture subsidiary that held uranium mining and exploration licenses in Mongolia.
Claims arising out of Mongolia’s cancellation of claimant's mining and exploration licenses for a uranium deposit located in the Dornod province in northeastern Mongolia.
Economic sector and subsector
Primary: B - Mining and quarrying
7 - Mining of metal ores
Arbitral rules and administering institution
PCA (Permanent Court of Arbitration)
Composition of tribunal
Williams, D. A. R.
Fortier, L. Y.
Hanotiau, B.
Status/Outcome of original proceedings
Decided in favour of investor
Amount of compensation
358.00 mln USD
80.00 mln USD
IIA breaches alleged/found
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause
Umbrella clause
Follow-on proceedings
Judicial review by national courts
Judicial review by national courts
Link to Italaw's case page