Fortuna sues insurance companies after power failure
2026-01-20 19:30 ET - Street Wire
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by Mike Caswell
Fortuna Mining Corp. has filed a lawsuit in the Supreme Court of British Columbia against insurers of its Seguela mine in the Ivory Coast seeking compensation for a 2024 power outage. Fortuna says that it purchased loss-of-utility coverage for the mine, but the insurers have yet to pay anything. The company is seeking a court order declaring that its insurance covers the loss.
The allegations are contained in a notice of claim that Fortuna filed at the Vancouver courthouse on Jan. 14, 2026. The events at issue go back to April, 2024, when Fortuna suffered a power interruption at Seguela. The lawsuit does not set out the details behind the outage, but local media reported that unplanned interruptions at thermal plants led to the country having a shortfall of as much as 22 per cent of its total power supply. The outage led to a crisis in the country, with power rationing affecting the mining and cocoa grinding industries. The problems continued until later in 2024, when the rainy season allowed for increased hydroelectric power.
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Does B C have jurisdiction?
"The British Columbia Supreme Court is a court of record and has original jurisdiction in all cases, civil and criminal, arising in British Columbia. The Court has inherent jurisdiction under the Constitution of Canada, in addition to any jurisdiction granted to it by federal or provincial statute."Wiki
The British Columbia Supreme Court is a court of record and has original jurisdiction in all cases, civil and criminal, arising in British Columbia. The Court has inherent jurisdiction under the Constitution of Canada, in addition to any jurisdiction granted to it by federal or provincial statute.
https://grokipedia.com/page/Supreme_Court_of_British_Columbia
Posted by halcrow at 2026-01-20 20:23