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CONGO

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

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“Brazzaville facing hefty arbitration over withdrawn iron ore permits”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Brazzaville facing hefty arbitration over withdrawn iron ore permits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 The case underscores Congo's relations with China, the source of capital for the buyer of three of the withdrawn iron ore permits: Sangha Mining Development. [...]

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. [...] (454 words)

Issue dated 22/07/2021 Reading time 2 minutes

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Mining

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CONGO
AustSino Resources Group
Avima Iron Ore
Beny Steinmetz Group Resources
Bestway Finance
Charles Poncet
Clifford Chance
Congo Iron
DLA Piper
Equatorial Resources
Grossmann
ICSID
International Chamber of Commerce
Jeantet
Kevin Grossmann
Michael Ostrove
Midus Holdings
Sundance Resources
Thierry Lauriol
World Natural Resources

In iron ore conflict, Australian Supreme Court allows Sundance access to ex-partner's files

The Australian iron ore company still seems reluctant to file suit against its former partner AustSino over suspected foul play regarding the Nabeba-Mbalam iron project that straddles the Cameroon and Congo. It has, however, won a key battle to help make a decision. [...]

CONGO Mining 04/11/2021

ICC merges Sundance and Congo Iron iron ore cases against Brazzaville

The four arbitrations filed with the International Chamber of Commerce (ICC) against Congo by operators unhappy with having their iron ore permits annulled have been taken down to three. [...]

CONGO Mining 15/10/2021

Brazzaville appoints arbitrator against Avima Iron Ore in $27bn case

The arbitration launched by Avima Iron Ore (@AvimaO) against #Congo in June 2021 will soon be the focus of a first court hearing before the International Chamber of Commerce (ICC). #Oil [...]

CAMEROON Mining 13/09/2021

After Eramet, BWA pursues rutile exploration

Britain's BWA Group is to embark on a second phase of exploration at its Dehane rutile project in Cameroon. The decision comes just months after the French company Eramet made a similar move, and it boosts Yaoundé's hopes for the development of the country's mining sector. [...]

Congo Minister of Mines, Pierre Oba. © Jemal Countess / Getty Images North America / Getty Images via AFP

Inner circles

CONGO Mining 20/08/2021

Mines minister and Sassou favourite Pierre Oba besieged by irate investors

The seeking of around $40bn from the Congolese state by four companies in compensation for the recent cancellation of their iron mining permits has placed the country's mining industry's movers and shakers in the spotlight, not least the powerful minister of mines Pierre Oba who is an essential cog in President Denis Sassou Nguesso's machine. [...]

CONGO Mining 17/08/2021

Shareholder row breaks out amid iron war between Congo Mining and Brazzaville

Congo Mining's majority shareholder is threatening Brazzaville for unilaterally withdrawing its iron licence, but partly blames the problem on its minority partners in the project. [...]

GUINEA Mining 26/07/2021

Simandou iron ore mine gets dedicated aircraft fleet

Winning Consortium Simandou has just created a dedicated aviation subsidiary which will incorporate the aircraft of its shareholder specialising in mining logistics, UMS. However, the latter is still desperately waiting to recover one of its aircraft, which was "hijacked" in 2019. [...]

CONGO Energy 18/06/2021

WNR proposes legal heavyweight from Dentons for Marine XI arbitration with Brazzaville

Engaged in proceedings against the Congolese state at the international arbitration tribunal ICSID since 12 May, World Natural Resources has already chosen its judge to sit on the panel. [...]

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. [...]

CAMEROON CONGO Mining 18/12/2020

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

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. [...]

AFRICA 03/11/2020

Support Legal casts net to wider spectrum of African mining clients

From its new offices in New York, Support Legal is hoping to win over mining firms active in Africa by touting the merits of its team of former Glencore-Xstrata, Herbert Smith Freehills and DLA Piper lawyers, and its low rates. [...]

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CONGO
AustSino Resources Group
Avima Iron Ore
Beny Steinmetz Group Resources
Bestway Finance
Charles Poncet
Clifford Chance
Congo Iron
DLA Piper
Equatorial Resources
Grossmann
ICSID
International Chamber of Commerce
Jeantet
Kevin Grossmann
Michael Ostrove
Midus Holdings
Sundance Resources
Thierry Lauriol
World Natural Resources

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

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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Receive free prompts for these topics

In iron ore conflict, Australian Supreme Court allows Sundance access to ex-partner's files

ICC merges Sundance and Congo Iron iron ore cases against Brazzaville

Brazzaville appoints arbitrator against Avima Iron Ore in $27bn case

After Eramet, BWA pursues rutile exploration

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Shareholder row breaks out amid iron war between Congo Mining and Brazzaville

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WNR proposes legal heavyweight from Dentons for Marine XI arbitration with Brazzaville

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

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

Support Legal casts net to wider spectrum of African mining clients

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

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

Create your free account

create a free account

Receive free prompts for these topics

In iron ore conflict, Australian Supreme Court allows Sundance access to ex-partner's files

ICC merges Sundance and Congo Iron iron ore cases against Brazzaville

Brazzaville appoints arbitrator against Avima Iron Ore in $27bn case

After Eramet, BWA pursues rutile exploration

Mines minister and Sassou favourite Pierre Oba besieged by irate investors

Shareholder row breaks out amid iron war between Congo Mining and Brazzaville

Simandou iron ore mine gets dedicated aircraft fleet

WNR proposes legal heavyweight from Dentons for Marine XI arbitration with Brazzaville

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

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

Support Legal casts net to wider spectrum of African mining clients

Receive free prompts for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: