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CAMEROON CONGO

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

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“Brazzaville facing hefty arbitration over withdrawn iron ore permits”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Brazzaville facing hefty arbitration over withdrawn iron ore permits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 The case underscores Congo's relations with China, the source of capital for the buyer of three of the withdrawn iron ore permits: Sangha Mining Development.

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. [...] (618 words)

Issue dated 07/04/2022 Reading time 3 minutes

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Mining

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CAMEROON
CONGO
AustSino Resources Group
Bestway Finance
International Chamber of Commerce
Sangha Mining Develoment
Sundance Resources

Phoenix Mining manoeuvres in Yaoundé to relaunch Nkamouna cobalt project

Phoenix hopes to charm the Cameroonian authorities - and in particular the state investment firm, which holds a 39.5% stake in the Nkamouna project - in order to get authorisation to start building the mining infrastructure in January.

A sign indicating to passers-by that they are entering a mining concession is pictured on 25 March 2010 in Nkamouna forest.

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 20/10/2021

Midus ready to launch arbitration against Brazzaville over iron ore mining permit

Having found a company to finance its case against the Brazzaville government, which withdrew its iron ore mining permit for the Mayoko-Moussondji project, the main shareholder of Congo Mining will formally start the arbitration process in the coming days.

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.

CONGO Mining 22/07/2021

$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.

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CAMEROON
CONGO
AustSino Resources Group
Bestway Finance
International Chamber of Commerce
Sangha Mining Develoment
Sundance Resources

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

Brazzaville facing hefty arbitration over withdrawn iron ore permits

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Phoenix Mining manoeuvres in Yaoundé to relaunch Nkamouna cobalt project

ICC merges Sundance and Congo Iron iron ore cases against Brazzaville

Midus ready to launch arbitration against Brazzaville over iron ore mining permit

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

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

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

Brazzaville facing hefty arbitration over withdrawn iron ore permits

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

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Set up email notifications for these topics

Phoenix Mining manoeuvres in Yaoundé to relaunch Nkamouna cobalt project

ICC merges Sundance and Congo Iron iron ore cases against Brazzaville

Midus ready to launch arbitration against Brazzaville over iron ore mining permit

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

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

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