Arbitral Digest

Matter

Almaden Minerals Ltd. and Almadex Minerals Ltd. v. United Mexican States (ICSID Case No. ARB/24/23)

Case no.
ARB/24/23
Applicable rules
ICSID Arbitration Rules in force as of July 1, 2022
  1. 27 November 2024Arbitration

    27 November 2024Arbitration

    Procedural Order No. 1

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal set the procedural rules, procedural calendar, document-production process, hearing arrangements, and other case-management directions for the arbitration.

    Supporting details

    3 participants
    Almaden Minerals Ltd.
    Almadex Minerals Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes

    22 days later · 22 days

  2. 19 December 2024Arbitration

    19 December 2024Arbitration

    Procedural Order No. 2

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal adopted the transparency and confidentiality regime governing the arbitration, including publication and redaction procedures.

    Supporting details

    3 participants
    Almaden Minerals Ltd.
    Almadex Minerals Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes

    7 months and 6 days later · 218 days

  3. 25 July 2025Arbitration

    25 July 2025Arbitration

    Procedural Order No. 3

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected the Respondent's request to bifurcate the proceedings and decide its jurisdictional objections in a separate preliminary phase. It ordered the Parties to propose a procedural calendar and reserved costs allocation.

    Supporting details

    1 authority · 3 participants
    Almaden Minerals Ltd.
    Almadex Minerals Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes

    Authorities cited

    1
    • Mario Noriega Willars v United Mexican States, Procedural Order No. 3 (Decision on Bifurcation) (ICSID Case No. ARB/23/29)
      case law

    1 month and 17 days later · 48 days

  4. 11 September 2025Arbitration

    11 September 2025Arbitration

    Procedural Order No. 4

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an updated procedural calendar for the phases following its rejection of the Respondent's bifurcation request.

    Supporting details

    3 participants
    Almaden Minerals Ltd.
    Almadex Minerals Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes

    2 months and 8 days later · 69 days

  5. 19 November 2025Arbitration

    19 November 2025Arbitration

    Updated Procedural Calendar

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued an updated procedural calendar for the arbitration.

    Supporting details

    3 participants
    Almaden Minerals Ltd.
    Almadex Minerals Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes

    3 months and 20 days later · 112 days

  6. 11 March 2026Arbitration

    11 March 2026Arbitration

    Procedural Order No. 5

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected the Respondent's objections to the number and temporal scope of the Claimants' document requests, ordered production of specified documents and privilege logs, and invited timing information for voluntary production.

    Supporting details

    3 participants
    Almaden Minerals Ltd.
    Almadex Minerals Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes

    2 months and 8 days later · 69 days

  7. 19 May 2026Arbitration

    19 May 2026Arbitration

    Updated Procedural Calendar

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued a further updated procedural calendar for the arbitration.

    Supporting details

    3 participants
    Almaden Minerals Ltd.
    Almadex Minerals Ltd.
    United Mexican States
    International Centre for Settlement of Investment Disputes

Matter record

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Almaden Minerals Ltd. and Almadex Minerals Ltd. v. United Mexican States (ICSID Case No. ARB/24/23) · Matter