MEXICO CITY, June 24 (Reuters) - British firms Bacanora
Lithium and Sonora Lithium, as well as China's Ganfeng
International Trading, registered an arbitration case against
the Mexican government over a mining concession, according to a
post from the World Bank's dispute settlement center.
The post, from the lender's International Centre for
Settlement of Investment Disputes (ICSID), is dated June 21 and
lists the case as pending.
The case centers on Mexico's most advanced lithium mining
project, located in northern Sonora state, and follows
legislation championed by Mexican President Andres Manuel Lopez
Obrador that nationalized the country's nascent lithium sector.
To date, there is not any commercial production in
Mexico of the ultra-light white metal coveted by rechargeable
battery makers.
Last November, China's Ganfeng Lithium Group said Mexico's
economy ministry upheld the cancellations of certain mining
concessions of its subsidiaries.
The concessions would have allowed the company to
develop the Sonora lithium project, but were canceled by mining
officials in August, arguing that Ganfeng had failed to comply
with minimum investment requirements.