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CAMEROON CONGO

Sundance sets out its grievances against Brazzaville and Yaoundé over Nabeba-Mbalam iron ore

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“Brazzaville facing hefty arbitration over withdrawn iron ore permits”

CONGO

Brazzaville facing hefty arbitration over withdrawn iron ore permits

President Denis Sassou Nguesso's decision to withdraw several iron ore mining permits in late 2020 has thrust arbitration proceedings on the heavily-indebted country involving at least $40bn. All of the plaintiffs - Australia's Sundance Resources and Equatorial Resources, Saint Kitts and Nevis-based Avima Iron Ore and Britain's Midus Holdings - are being assisted by law firm Clifford Chance. The case underscores Congo's relations with China, the source of capital for the buyer of three of the withdrawn iron ore permits: Sangha Mining Development.

As it considers whether to go to arbitration with Congo and Cameroon over the unilateral decision to rescind its iron ore mining permit for Nabeba-Mbalam, Australia's Sundance Resources is claiming that the two states breached a series of agreements and did not inform them in time of their intentions. [...] (600 words)

Issue dated 18/12/2020 Reading time 3 minutes

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Mining

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CAMEROON
CONGO
Arlette SOUDAN-NONAULT
Calixte Nganongo
Cam Iron
Clement Mouamba
Clifford Chance
Congo Iron
Denis Sassou Nguesso
Gabriel Dodo Ndoke
Giulio Casello
International Chamber of Commerce
Pierre Oba
Seraphin Magloire Fouda
Sundance Resources

$8.76 billion arbitration: Sundance opens a second iron ore battlefront against Brazzaville

Its subsidiary Congo Iron initiated arbitration against Congo in March over its unilateral withdrawal from its Nabeba iron project, and in late June the parent company Australian Sundance followed suit and has requested that the two actions be judged together.

CONGO Mining 02/04/2021

Bittersweet victory for ex-CEO of Canada's MagIndustries

Though he has won his litigation against MagIndustries, Longbo Chen will have a hard time obtaining the $700,000 compensation award from his former employer. The Canadian firm's parent company is in liquidation and its owner is under arrest in China.

CAMEROON Mining 11/03/2021

Yaoundé aims to forego World Bank help on mining cadastre

Cameroon has hired consultancy Drake & Bart to design an institutional framework that would help wean the country off World Bank help in managing its mining cadastre.

CONGO Mining 19/01/2021

Thierry Lauriol and Kevin Grossmann will defend Congo against Sundance and Equatorial

The Congolese state has chosen French lawyers Thierry Lauriol of law firm Jeantet and Kevin Grossmann to represent it in its dispute with the two mining companies, which are seeking compensation after having been deprived of their iron ore mining permits.

AFRICA Mining 03/11/2020

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CAMEROON
CONGO
Arlette SOUDAN-NONAULT
Calixte Nganongo
Cam Iron
Clement Mouamba
Clifford Chance
Congo Iron
Denis Sassou Nguesso
Gabriel Dodo Ndoke
Giulio Casello
International Chamber of Commerce
Pierre Oba
Seraphin Magloire Fouda
Sundance Resources

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Sundance sets out its grievances against Brazzaville and Yaoundé over Nabeba-Mbalam iron ore

Brazzaville facing hefty arbitration over withdrawn iron ore permits

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$8.76 billion arbitration: Sundance opens a second iron ore battlefront against Brazzaville

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Sundance sets out its grievances against Brazzaville and Yaoundé over Nabeba-Mbalam iron ore

Brazzaville facing hefty arbitration over withdrawn iron ore permits

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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create a free account

Set up email notifications for these topics

$8.76 billion arbitration: Sundance opens a second iron ore battlefront against Brazzaville

Bittersweet victory for ex-CEO of Canada's MagIndustries

Yaoundé aims to forego World Bank help on mining cadastre

Thierry Lauriol and Kevin Grossmann will defend Congo against Sundance and Equatorial

Support Legal casts net to wider spectrum of African mining clients

BWA loses Akonolinga rutile to Eramet, charges onwards with new sites

Prometal aspires to mine own iron ore for its steelworks

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First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: