Orbia Wins Amsterdam Court Dismissals as Bolivia Exchange Rate Shift Hits Orvana Subsidiary

The Amsterdam District Court dismissed two major lawsuits against Orbia Advance Corporation and its Vestolit GmbH affiliate. Claims brought by a Dutch foundation representing Repsol entities from Spain and Portugal, and by Shell Chemicals Europe, sought over a billion euros in damages related to alleged ethylene price manipulation. The court found the plaintiffs could not demonstrate harm, noting that ethylene margins actually increased during the period in question.

In Bolivia, the central bank moved from a fixed exchange rate of 6.96 to a daily‑set rate of 9.73 bolivianos per U.S. dollar. The change, together with social unrest and road blockages, affected the financial results of Orvana Minerals Corp.'s subsidiary, Empresa Minera Paitití (EMIPA). The new rate impacted the company's unaudited Q3 FY2026 statements and tested its debt‑covenant thresholds, highlighting the broader financial strain on the mining project.