Kazakhstan Triumphs in Legal Fight Against Canadian Uranium Firm, Dodges $65 Million Payment
Kazakhstan Celebrates Legal Victory as High Court of London Overturns $65 Million Ruling
In a major legal victory for Kazakhstan, the High Court of London overturned a previous ruling that required the country to pay $65 million to Canadian uranium company World Wide Minerals. The dispute, which began in 2013, revolved around claims related to the government’s 1997 refusal to issue a uranium export license and the termination of a management contract for a key mining facility.
During a briefing at the Central Communications Service on March 11, Kazakh Ministry of Justice spokesperson Talgat Uali announced that the 2025 ruling confirmed that Kazakhstan has no financial obligations to the company. Uali highlighted the significance of the ruling, emphasizing that the appeal process in English courts is highly challenging, with fewer than 2% of cases being overturned.
Uali expressed gratitude for the collaborative efforts of the Ministry of Justice, government agencies, and the government consultant, stating that their work had saved substantial budget resources while preserving the country’s investment climate and enhancing Kazakhstan’s international reputation. The successful outcome of the legal battle is a testament to Kazakhstan’s commitment to upholding the rule of law and protecting its interests in the international arena.
This victory serves as a proud moment for Kazakhstan, showcasing the country’s ability to navigate complex legal proceedings and defend its position against foreign entities. The decision by the High Court of London is a vindication of Kazakhstan’s stance in the dispute with World Wide Minerals, reaffirming the country’s standing as a reliable and responsible player in the global business community.
