Gov't gets arbitration award in dispute with Noranda, Paulwell satisfied
The Government has welcomed the decision of an Arbitration Tribunal in the dispute between Jamaica and Noranda Bauxite Company Limited.
Noranda had challenged the government’s decision not to extend a concession granted in 2009 under the Bauxite Levy Act.
Under the agreement, Noranda did not have to pay the full bauxite levy.
But in December 2014, it expired.
In its decision, the Tribunal agreed with the Government that it did not surrender its rights to apply the full bauxite levy to Noranda after the concession expired a year ago.
In welcoming the decision, Energy Minister Phillip Paulwell reiterated that the people of Jamaica have won a difficult battle.
He has sought to assure that the Mining Ministry will continue to pursue measures in the best interest of the country and in accordance with sound business practices.
The government had maintained that Noranda should pay the full levy as of January 2015 as required under the Bauxite Levy Act, which the ruling of the Tribunal has now confirmed.
The government says it expects a full resolution of this matter in short order.