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Caracas- Anglo American [JSE:AGL] is seeking compensation from Venezuela at a World Bank tribunal over the 2012 cancellation of mining concessions by late president Hugo Chavez's government.
The World Bank's International Center for Settlement of Investment Disputes (ICSID) said on its website the claim was introduced on Thursday, but gave no more details.
Venezuela faces more than 20 international compensation cases in disputes largely stemming from the 1999-2013 Chavez era. He died from cancer in 2013, with a protege, Nicolas Maduro, winning election to replace him.
The best-known cases are multi-billion compensation claims by ExxonMobil Corp and ConocoPhillips over nationalisations.
Anglo American had a 91.4% stake in the Loma de Niquel project until the government cancelled 13 concessions and refused to renew three others, according to the company's website.
There was no word from the company, or Venezuela's government, on the compensation case.
