Jorge Gonzales and Panel of Arbitrators vs Climax Mining Ltd, Climax-Armico Mining Corp. and Autralasian Philippines Mining Inc.
Jorge Gonzales and Panel of Arbitrators vs Climax Mining Ltd, Climax-Armico Mining Corp. and Autralasian Philippines Mining Inc. GR No. 161957 February 28,2005 Facts: Gonzales as a claimowner of mineral deposit, entered into a joint-venture via Production-Sharing Letter-Agreement(First Contract) with Geophil Inc. (Geo) and Inmex Ltd. (Inmex) giving Geo and Inmex 36 months (which was thereafter extended), to develop, operate, mine and exploit the mining claims of Gonzales. Thereafter, Gonzales, Armico, Geo, Inmex and Aumex signed an Addendum Contract (Second Contract) allowing Armico to apply for FTAA. Climax, Climax-Armico and Australasian then executed a Financial Accomodation Contract (Third Contract) ...