Ministry of Economy and Finance

Alta Copper Provides Update on Preliminary Economic Assessment, Drilling and Community Relations

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星期五, 九月 8, 2023
Maintenance, High, Ministry of Economy and Finance, Benefit, Community benefits agreement, Conceptual model, Frank Whittle, Bed, Consultant, Ministry, Geology, US, Community, Copper, Platform, Mining, ATCU, Project, TSX, Ministry of Mines and Energy, Biophysical environment, Beaver Creek, BVL, DIA, Social impact assessment, Economics, Commerce, Rare-earth element, 3D printing, Natural gas, Road, ESIA, Q4, Freeze

The new 3D Geological Model has identified some very compelling alteration effects on the deposit, which are linked to higher copper grades.

Key Points: 
  • The new 3D Geological Model has identified some very compelling alteration effects on the deposit, which are linked to higher copper grades.
  • Alta Copper continues to advance its long-term involvement with the community in a fashion that will benefit all stakeholders.
  • Since February 2023, three additional community offices have opened (for a total of four), allowing the Alta Copper team many more opportunities to connect with the local community.
  • Alta Copper will be presenting and providing a corporate update at 2023 Precious Metals Summit Beaver Creek.

Analysis Group Provides Valuation Testimony in Gramercy Funds Management's Successful Claim in Securities-Based International Arbitration

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星期三, 二月 22, 2023
Ministry, Debevoise & Plimpton, Analysis Group, Heart, Government, MEF, United, Ministry of Economy and Finance, Republic, Land reform, Insurance, Gramercy

BOSTON, Feb. 22, 2023 /PRNewswire/ -- Analysis Group , one of the largest international economics consulting firms, was retained by Debevoise & Plimpton on behalf of its client, Gramercy Funds Management LLC, the claimant in an international arbitration brought against the Republic of Peru.

Key Points: 
  • BOSTON, Feb. 22, 2023 /PRNewswire/ -- Analysis Group , one of the largest international economics consulting firms, was retained by Debevoise & Plimpton on behalf of its client, Gramercy Funds Management LLC, the claimant in an international arbitration brought against the Republic of Peru.
  • Analysis Group assisted its affiliated expert Professor Sebastian Edwards , who provided testimony on the bond valuation methodology that was at the heart of Gramercy's successful claim against Peru.
  • In the matter, Gramercy Funds Management LLC and Gramercy Peru Holdings LLC v. Peru , Gramercy sought damages under the United States-Peru Trade Promotion Agreement, claiming Peru's decision to alter the methodology it used for determining payments for defaulted land bonds that Gramercy had acquired was undertaken solely to devalue the bonds.
  • Professor Edwards found that the MEF model had no economic basis and that it yielded valuations that were arbitrarily low.

GRAMERCY FUNDS MANAGEMENT APPLAUDS INTERNATIONAL ARBITRATION TRIBUNAL'S FAVORABLE DECISION AGAINST REPUBLIC OF PERU

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星期三, 十二月 14, 2022
International law, Principle, Socially responsible investing, Supreme Decree 21060, Economic development, Ministry, Debevoise & Plimpton, PRI, Republic, Ministry of Economy and Finance, Multilateral treaty, United, FCA, ICSID, University, Treaty, Practice of law, Security (finance), Gramercy

GREENWICH, Conn., Dec. 14, 2022 /PRNewswire/ -- Gramercy Funds Management LLC and Gramercy Peru Holdings LLC ("Gramercy") issued the following statement in response to the favorable majority decision issued on December 6, 2022 against the Republic of Peru by an arbitration tribunal adjudicating Gramercy's claims under the United StatesPeru Trade Promotion Agreement (the "Treaty") with respect to Gramercy's investment in Peruvian agrarian reform bonds.

Key Points: 
  • GREENWICH, Conn., Dec. 14, 2022 /PRNewswire/ -- Gramercy Funds Management LLC and Gramercy Peru Holdings LLC ("Gramercy") issued the following statement in response to the favorable majority decision issued on December 6, 2022 against the Republic of Peru by an arbitration tribunal adjudicating Gramercy's claims under the United StatesPeru Trade Promotion Agreement (the "Treaty") with respect to Gramercy's investment in Peruvian agrarian reform bonds.
  • In addition, the tribunal awarded Gramercy approximately $100 million in damages and costs, which is significantly more than the approximately $861,000 Peru offered under its 2014 Supreme Decrees.
  • The base financial award will continue to accrue compound interest at a rate of 7.22% until full payment.
  • The tribunal held that Peru had failed to accord Gramercy the minimum standard of treatment required under the Treaty and international law.

Press Registration Open for OECD International Tax Conference, Washington DC

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星期三, 六月 15, 2022
Asia-Pacific Economic Cooperation, Journal of Business Finance & Accounting, Digital, USCIB, International taxation, Administration, Grinberg, Senior, BIAC, Multilateralism, Procter & Gamble, Royal Dutch Shell, Ministry, Task force, Controller, Sustainable development, Business, Digital economy, Organization, Work, Centre for Tax Policy and Administration, Controller-General of Finances, Ministry of Finance, Policy, Ministry of Economy and Finance, International business, United States Council for International Business, G20, Chair, Johnson & Johnson, Healthcare, Renewable energy, Tax advisor, OECD

Against this backdrop, the United States Council for International Business (USCIB) will host its latest annual conference on the broad overview of work and next steps, June 27-28, 2022 in Washington, D.C.

Key Points: 
  • Against this backdrop, the United States Council for International Business (USCIB) will host its latest annual conference on the broad overview of work and next steps, June 27-28, 2022 in Washington, D.C.
  • The conference is organized in cooperation with the 38-nation OECD, the leading global forum for discussion of international tax policies, along with Business at OECD (BIAC).
  • It provides a unique opportunity for the U.S. business community to interact with key representatives from the OECD Center for Tax Policy and Administration, along with senior tax officials from the U.S. and other key countries involved in the OECD's international tax work.
  • USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence.

"WAKE UP BERCY" - Feedback on the Green Finance Event

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星期二, 九月 22, 2020
Banking, Professional services, Insurance, Finance, Ministry of Economy and Finance, Bercy

"Wake up Bercy", an initiative by Green Finance , a leading Green Finance media platform, was held on September 21.

Key Points: 
  • "Wake up Bercy", an initiative by Green Finance , a leading Green Finance media platform, was held on September 21.
  • For this event, Bruno Boggiani, the founder of Green Finance, didn't organize a march but a race instead.
  • "This race is part of a global initiative to raise awareness and call upon the Ministry of Economy and Finance for action in the field of Green Finance.
  • Ana Matos Mendona & Anais Bressy (Communication, Marketing & Event, Green Finance Team) supervised the entire event.