Guyana and Venezuela have a long history of debate surrounding their border. In 1897, the matter was taken to international arbitration. Venezuela claimed more than half of the territory of the British colony of Guyana at the time of the Latin American wars of independence. Guyana argues that the boundary between the nations was clarified in the Arbitral Award of 1899 signed by Guyana, whereas Venezuela called the award an “Anglo-Russian conspiracy.” In 1962 Venezuela declared that it would no longer abide by the arbitration decision, which ceded mineral-rich territory in the Orinoco basin to Guyana. The disputed area is called Guayana Esequiba by Venezuela.