Dar es Salaam. The Tanzanian government and Canadian mining company Winshear Gold Corp. have agreed to suspend arbitration proceedings regarding the expropriation of the SMP Gold Project in south-west Tanzania; instead, a conditional settlement agreement has been reached, The Citizen has learnt.
In a statement, the Vancouver-based company said there was no guarantee that the conditional settlement agreement would be concluded in a case where the claimant was originally seeking compensation in excess of Sh250 billion.
