Anglo American v. Venezuela

In an ICSID arbitration, Anglo American PLC claimed damages from the Bolivarian Republic of Venezuela for their investment in Minera Loma de Níquel C.A., a mining company whose request for the renewal of some mining concessions had been denied. Econ One was retained by counsel for Venezuela to provide expert analysis on quantum. Dr. Daniel Flores submitted an expert report regarding the value of the company’s ore processing assets and the lost profits resulting from the alleged inability to export the finished product.