Panthera Resources Seeks $1.58 Billion Compensation from India Over Bhukia Project Dispute

 

Panthera Resources Plc (LSE:PAT) has initiated a US$1.58 billion arbitration claim against the Indian government, citing violations of a bilateral investment treaty concerning the Bhukia gold project. Through its subsidiary Indo Gold Pty Ltd, Panthera alleges that it was unfairly denied a prospecting license, resulting in the loss of its entire investment. This legal action underscores ongoing difficulties in securing mining rights in India and the substantial financial stakes involved for parties linked to the Bhukia project.

Despite showing strong technical momentum in the market, Panthera Resources faces financial challenges marked by continued losses and limited profitability. Nonetheless, recent corporate developments provide a cautiously optimistic outlook for future growth, even as the company remains reliant on external capital.

About Panthera Resources Plc

Panthera Resources is a gold exploration and development firm operating in West Africa and India. The company is focused on advancing its portfolio of gold assets, with the Bhukia project in India representing a key asset due to its considerable gold reserves and mining potential.

• Average Trading Volume: 1,503,424

• Technical Sentiment: Buy

• Market Capitalization: £43.47 million

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