Sovereign risk exists in Australia and there are a number of cases on record.
Coronation Hill in the NT.
The mineral sands deposits in QLD and NSW that were prevented from mining by changes in govt policy.
Various uranium deposits that were prevented from exporting by federal laws.
Old property leases in NSW that included mineral rights that were then confiscated by the NSW govt.
National parks being granted over ground holding mineral deposits.
Please correct me, but I don't know of any case where compensation was paid to the company that did all the exploration work and spent the $.
G
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